Transcontinental Realty likes to find diamonds in the rough. The company acquires, develops, and owns income-producing commercial and residential real estate, particularly properties that it believes are undervalued. Its portfolio consists nearly 40 apartment complexes with more than 6,000 units in the southern US, in addition to about 7.7 million sq.ft. of rentable commercial space, including nearly 8 commercial properties. Texas is its largest market by far. Additionally, the company has investments in apartment projects under development and more than 4,000 acres of undeveloped and partially developed land, most of it also in Texas.