secwatch.observer — SEC 8-K summary
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Issuer:     TRANSCONTINENTAL REALTY INVESTORS INC (TCI)
CIK:        0000733590
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0000733590-21-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TCI reports Q3 net loss of $26.2M ($3.04/share); revenue down, office sale closed
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- Net loss of $26.2M ($3.04 diluted EPS) vs $7.7M loss ($0.88) in Q3 2020; rental revenue fell $1.8M to $9.6M.
- Sold 600 Las Colinas office building for $74.8M, net cash proceeds ~$38.8M after mortgage repayment.
- Refinanced Villas at Bon Secour with $20M loan at 3.08% (down 92bps), generated $8.9M additional proceeds.
- Total occupancy 93% (97% multifamily, 70% commercial); rent collection ~94%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/733590/000073359021000025/0000733590-21-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/733590/000073359021000025/tci-20211110.htm
  HTML page:      https://secwatch.observer/filing/0000733590-21-000025

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