Jackson hotel partner showed a $12.2 million loss at Q1 close

Dallas-based Transcontinental Realty Investors, Inc. (NYSE:TCI), parent of TCI Investments, ended the first quarter with a net loss applicable to common shares of $12.2 million, compared to a loss of $10.5 million for the same period ended 2010. Transcontinental Realty took an impairment on notes receivable and real estate of $24.5 million in the fourth [...] [...]