Transcontinental Realty to Develop $59 Million Amenity-Rich Apartment Community in Las Vegas

LAS VEGAS, NV – Transcontinental Realty Investors announced its newest development project, The Abode Red Rock Apartments in Las Vegas, Nevada. The property is located within Las Vegas’s hottest residential submarket, called the “Southwest.”

The $59 Million project begins construction this month and is scheduled for completion July 2018.

Abode Red Rock Apartments is a 308 unit, Class A, Mid-Rise residential superstructure composed of 1 and 2 bedroom apartment units, indoor common areas, an internal parking structure, and amenity-rich, tastefully-landscaped courtyards and swimming pools. The property is prominently situated at the northwest corner of the intersection of S. Fort Apache Road and W. Hacienda Avenue, directly across from the sub-market’s leading power center, Tropicana Beltway Center.

The building’s stylish design provides multi-color roof tiles, a façade of warm Mediterranean colors, real and simulated stone, exterior gas lanterns, towers, columns, balconies, landscape, private courtyards and pedestrian zones with cobblestone sidewalks.

“We are continuously improving the experience in multifamily living. Our innovative Class A apartment homes reflect a modern, warm, and relaxed lifestyle. We call it Achieving Excellence. Our residents call it their Abode,” commented President and CEO, Daniel J. Moos.

Abode Properties is a subsidiary of Transcontinental Realty Investors (NYSE: TCI), a Dallas-based real estate investment company. Abode’s investment and strategic focus is to acquire, develop, and operate a portfolio of desirable multifamily residential properties.