Transcontinental Realty Investors: Soars on plans to sell assets, JV deal

Transcontinental Realty Investors

14/06/2018 18:12

** REIT's shares  TCI.N  up 12.6 pct at $27.87; top pct
gainer on NYSE 
    ** TCI plans to sell 4 of its commercial buildings to a
private company with significant real estate holdings
 urn:newsml:reuters.com:*:nBw3Qf3Npa
    ** Company also enters into JV with a major NYSE financial
institution; assets under deal include 41 existing properties,
12 properties under development, with rights to co-develop 23
additional projects
    ** Today's gains trim YTD losses to 11 pct

 (Reporting by Amy Caren Daniel in Bengaluru)
 ((Reuters Messaging:
Amy.CarenDaniel.thomsonreuters.com@reuters.net))