DALLAS, June 23, 2000 (PRIMEZONE) -- Basic Capital Management, Inc. Friday announced the company has obtained the necessary financing to satisfy its debt relating to margin calls on its shares of Income Opportunity Realty Investors, Inc. (AMEX:IOT).
Basic Capital Management continues to negotiate with its margin debt lenders in regards to the stock of its other affiliates, American Realty Trust, Inc. (NYSE:ARB), Transcontinental Realty Investors, Inc. (NYSE:TCI) and National Realty, L.P. (AMEX:NLP).
Basic Capital Management, Inc. is a Dallas-based real estate advisory company. For more information on the company, go to the web site at www.bcm-inc.com.