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TRANSCONTINENTAL REALTY INVESTORS, INC. ANNOUNCES INCREASE OF SHARE REPURCHASE PLAN

 TRANSCONTINENTAL REALTY INVESTORS, INC. ANNOUNCES
 INCREASE OF SHARE REPURCHASE PLAN
 DALLAS, Nov. 5 /PRNewswire/ -- The board of directors of Transcontinental Realty Investors, Inc. (NYSE: TCI) today announced it authorized the company to expand its share repurchase program by 100,000 shares. The repurchase program was originally announced on Dec. 5, 1989.
 The directors of Transcontinental Realty had previously authorized the company to repurchase a total of 158,000 shares. Transcontinental is now authorized to repurchase a total of 258,000 of its common shares, 143,485 of which have been purchased as of today.
 "The board of directors believes the shares of Transcontinental Realty are currently undervalued by the market and that repurchase of the shares represents an excellent opportunity for above-average returns to the company," said a spokesperson for the company.
 Transcontinental Realty Investors, Inc. is a combination mortgage and equity real estate investment trust which operates nationwide.
 -0- 11/5/92
 /CONTACT: Jean Krone Bono, CFA, Director of Investor Relations, of Transcontinental Realty Investors, Inc., 214-692-4800/
 (TCI) CO: Transcontinental Realty Investors, Inc. ST: Texas IN: FIN SU:


LR -- NY054 -- 3009 11/05/92 10:59 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:188
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