Transcontinental Realty subsidiary gets $203.9M distribution and control of 7 multifamily properties

TRANSCONTINENTAL REALTY INVESTORS INC

SPC received ~$203.9M as second-phase distribution from VAA's sale of 45 properties to a third party.
Full operational and economic control of the seven remaining VAA properties transferred to SPC.
Formal title transfer expected within six months, subject to HUD approval on existing mortgage loans.
Transaction previously disclosed in September 2022; this report confirms completion of second distribution phase.

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