TCI completes sale of 600 Las Colinas office building for $74.5M, gains $32.3M

TRANSCONTINENTAL REALTY INVESTORS INC

Sold 512,173 sq ft office building in Irving, TX for $74.5 million.
Resulting gain of approximately $32.3 million.
Used proceeds to pay off $35.9 million mortgage note and for general corporate purposes.
Subsidiary Southern Properties Capital Ltd disclosed sale to TASE on August 29.

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