Pillar Income Asset Management Donates 972 Pounds of Goods to North Texas Food Bank

DALLAS–(BUSINESS WIRE)–Pillar Income Asset Management and Transcontinental Realty Investors
recently held their annual Thanksgiving Food Drive in support of North
Texas Food Bank
.

“Pillar and TCI employees donated enough food to provide over 800 meals
for chronically hungry children, families and seniors living in North
Texas,” said Daniel Moos, President and CEO. “I’m always so impressed by
our employees’ willingness to give to those in need.”

“It is always a humble pleasure to work with such dedicated individuals
in pursuit of solving the far too urgent problem of hunger in our
communities. Your concern and hard work is greatly appreciated by more
people than you may ever know,” commented Doyle Carnahan of North Texas
Food Bank. “We would like to extend our heartfelt gratitude for your
efforts. Your participation and hard work in the struggle against hunger
is commendable and greatly appreciated.“

Dallas real estate advisor Gene
E. Phillips
very graciously donated the remaining number of food
items needed to reach Pillar’s collection goal.

The North Texas Food Bank (NTFB) is a top-ranked nonprofit relief
organization, providing access to more than 170,000 meals each day for
hungry children, seniors and families through a network of more than
1,000 programs and 200 Partner Agencies in our 13-county service area.
In fiscal year 2015, NTFB provided access to some 63 million meals but
the need for hunger relief in North Texas today is much larger. To
combat increasing food insecurity in North Texas, the Food Bank recently
launched a 10-year plan to provide access to 92 million nutritious meals
annually by 2025, a nearly 50 percent increase from the current output.
NTFB is a member of Feeding America, a national hunger relief
organization.

Transcontinental
Realty Investors
maintains a strong emphasis on creating
greater shareholder value through acquisition, financing, operation,
developing, and sale of real estate across every geographic region in
the United States. A New York Stock Exchange company, Transcontinental
is traded under the symbol “TCI”. Transcontinental produces revenue
through the professional management of apartments, office buildings,
warehouses, and retail centers that are “undervalued” or
“underperforming” at the time of acquisition. Value is added under
Transcontinental ownership, and the properties are repositioned into
higher classifications through physical improvements and improved
management. Transcontinental also develops new properties, such as
luxury apartment homes principally on land it owns or acquires.

Pillar Income Asset Management, Inc. (www.pillarincome.com)
is a Dallas-based real estate management company, which develops and
manages in excess of $2.5 billion of real estate for public and private
real estate entities. Affiliated companies under management or
advisement by Pillar include American Realty Investors, Inc. (NYSE:
ARL
); Transcontinental Realty Investors, Inc. (NYSE:
TCI
); Income Opportunity Realty Investors, Inc. (NYSE
MKT: IOT);
and Regis Property Management, LLC (www.regisinc.com).

Contacts

Pillar Income Asset Management
Chris Childress, 469-522-4275
press@pillarincome.com