Southern Properties Capital Ltd. (the Company) was incorporated on August 16, 2016, as a private company limited by shares, in conformity with provisions of the BVI Business Companies Act, 2004. The Company was incorporated for the purpose of raising funds by issuing debentures that cannot be converted into shares on the Tel-Aviv Stock Exchange (the “TASE”).

The Company and its subsidiaries (the “Company”), operate in the United States and are primarily involved in (i) investing in, developing, constructing and operating income-producing properties of multifamily residential real estate assets and commercial real estate assets, and (ii) investing in land held for capital appreciation.

The Company is a wholly-owned subsidiary of Abode Multi Property, LP, a limited partnership incorporated in the State of Delaware, which is a wholly-owned subsidiary of Transcontinental Realty Investors, Inc. (“TCI”), a company incorporated in the State of Nevada, whose shares are listed for trading on the New York Stock Exchange (“NYSE”) under ticker symbol TCI, in conformity with the US Securities Act and with the Security Exchange Commission (“SEC”).

Tower Bay Apartments