Organization |
6 Months Ended | |||
|---|---|---|---|---|
Jun. 30, 2026 | ||||
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
| Organization |
Income Opportunity Realty Investors, Inc. (the “Company”) is an externally managed company that currently holds investments in mortgage notes receivables. As used herein, the terms “IOR”, “the Company”, “We”, “Our”, or “Us” refer to the Company.
Transcontinental Realty Investors, Inc. (“TCI”), whose common stock is listed on the NYSE under the symbol “TCI”, owned approximately 85.1% of our stock at June 30, 2026 and together with an affiliate owned approximately 91.8% of our common stock at June 30, 2026. Accordingly our financial results are included in the consolidated financial statements of TCI. American Realty Investors, Inc. (“ARL”), whose common stock is traded on the NYSE under the symbol “ARL”, in turn, owns approximately 79.2% of TCI.
Our business is managed by Pillar Income Asset Management, Inc. (“Pillar”).
Their duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities. Pillar also arranges our debt and equity financing with third party lenders and investors. |