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Transcontinental Realty Reaches Deal To Sell Sun Belt Apartment Portfolio for $2 Billion

After Divesting Up to 52 Properties in High-Demand Region, Apartment Owner Plans To Buy More Housing
The 208-unit Residences at Holland Lake in Weatherford, Texas, is among 52 properties Southern Properties Capital has agreed to sell. (CoStar)
The 208-unit Residences at Holland Lake in Weatherford, Texas, is among 52 properties Southern Properties Capital has agreed to sell. (CoStar)

Southern Properties Capital, an entity formed to hold the real estate of publicly traded Transcontinental Realty Investors, is negotiating the sale of 52 U.S. apartment properties for $2.04 billion, according to a regulatory filing with the Tel Aviv Stock Exchange.

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News | Transcontinental Realty Reaches Deal To Sell Sun Belt Apartment Portfolio for $2 Billion