No First Quarter Dividend Declared on Transcontinental Common Stock


DALLAS, February 21, 2002 (PRIMEZONE) -- Transcontinental Realty Investors, Inc. (NYSE:TCI) Thursday announced that no first quarter dividend will be paid to shareholders of its common stock.

TCI last paid a dividend in the third quarter of 2000.

Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, invests in real estate through direct equity ownership and partnerships nationwide. For more information, visit the company's Web site at www.transconrealty-invest.com .


            

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