Income Opportunity Realty Investors, Inc. Experiences Steady Stock Growth
DALLAS -- January 30, 2014
Income Opportunity Realty Investors, Inc. (IOT) today recognized an over 194%
increase in stock value over the period of eighteen months. TCI’s common stock
had a quoted value per share of approximately $5.40 as of January 30, 2014.
“As we look back on our strategic commitment to fortify our portfolio we are
pleased to see solid results. This is evidenced by both our residential and
commercial occupancy levels running higher than last year, and significantly
higher over the previous several years,” stated CEO and President Daniel J.
Moos. “We’re also starting to see new development opportunities, providing us
with enhanced ability to sell various land assets; which is of particular
importance to IOT. We will continue to adapt to the improved results in the
Texas and surrounding regions’ real estate market and are cautiously
optimistic about the future as the market continues to improve.”
With over 40 years in the real estate industry, Gene Phillips, advisory source
to Pillar Income Asset Management, Inc., notes that the changes in the current
market are in keeping with his experience through previous recessions. “The
U.S. residential real estate market grew steadily in 2013, and I foresee
steady growth in commercial real estate in 2014. It’s commonly known that the
U.S. economy recovers on the back of the real estate industry. In particular,
a low tax environment and low cost of living enhance Texas recovery even
further as major investors and corporations look to our state and neighboring
states for relocation and development opportunities.”
Beginning in 1985,Income Opportunity Realty Investors, Inc. (NYSEMKT: IOT)
has been committed to creating greater shareholder value through the
acquisition, financing, operation and sale of real estate across the United
States. Income Opportunity's business is investing in equity interests in real
estate through direct equity investments and partnerships, and financing real
estate and real estate-related activities through investments in mortgage
loans. All of our real estate is located in the southwest region of the
continental United States.
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. (NYSEMKT: IOT); and Regis
Property Management, LLC (www.regisinc.com).
Pillar Income Asset Management, Inc.
Patty Murphy, 1-800-400-6407
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