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October 05, 1999 15:53 ET | Source: Transcontinental Realty Investors, Inc.

Transcontinental and Continental REIT Merger Close Delayed by Lender

DALLAS, Oct. 5, 1999 (PRIMEZONE) -- Transcontinental Realty Investors, Inc. (NYSE:TCI) announced Tuesday that the closing of its merger with Continental Mortgage and Equity Trust (Nasdaq:CMETS) has...