---
schema_version: "secwatch.filing_event.v1"
accession: "0000733590-24-000009"
form_type: "8-K"
ticker: "TCI"
cik: "0000733590"
company_name: "TRANSCONTINENTAL REALTY INVESTORS INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:17:03.620830+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# TCI amends advisory agreement with Pillar, consolidating fees into single NAV fee plus reimbursements

## Summary
- Amended agreement effective Jan 1, 2024 consolidates prior fees into a single "Net Asset Value Fee" plus specified allocated reimbursements.
- Gross Asset Fee set at 0.75% per annum (0.0625% monthly) on average Gross Asset Value; Net Income Fee of 7.5% per annum of Adjusted Net Income.
- All duties and responsibilities of Pillar and the Company remain unchanged from the original April 30, 2011 advisory agreement.
- Agreement continues until next Annual Meeting; renewable annually subject to approval by a majority of independent directors.

## SEC filing metadata
- accession: 0000733590-24-000009
- form_type: 8-K
- ticker: TCI
- cik: 0000733590
- company_name: TRANSCONTINENTAL REALTY INVESTORS INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/733590/000073359024000009/0000733590-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/733590/000073359024000009/tci-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000733590-24-000009
- JSON: https://secwatch.observer/filing/0000733590-24-000009.json
- Plain text: https://secwatch.observer/filing/0000733590-24-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.