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Pillar Income Asset Management Makes Donation to Throckmorton's City Park

ARL, TCI

Pillar Income Asset Management, Inc. donated funds to the revitalization of Throckmorton, Texas city park. The donation was matched by Pillar advisor Gene E. Phillips.

“The financial need was brought to our attention by one of Pillar’s long tenured employees. The park was built in 1971 and is in dire need of updating, both for the enjoyment of the community and Texas Health and Safety codes,” stated Gene Phillips. “I was happy to match Pillar’s donation.”

Throckmorton, Texas is a small community of just over 800 people located 3 hours from the DFW metroplex. The city’s Park Committee Chairman, Ashli Moore, said, “Thank you to Pillar Income Asset Management and Mr. Phillips for investing in present and future generations of Throckmorton County.”

Pillar Income Asset Management, Inc. (www.pillarincome.com) is a Dallas-based real estate management company, which develops and manages in excess of $2.5 billion of real estate for public and private real estate entities. Affiliated companies under management or advisement by Pillar include American Realty Investors, Inc. (NYSE: ARL); Transcontinental Realty Investors, Inc. (NYSE: TCI); Income Opportunity Realty Investors, Inc. (NYSE MKT: IOT); and Regis Property Management, LLC (www.regisinc.com).

Gene E. Phillips of Dallas, Texas is the patriarch of one of the Southwest's most prominent and respected families. Not only are they known for their accomplishments in business, but also for their philanthropic commitment to their community. They give generously to both educational and cultural institutions. Gene has been in commercial real estate for more than 40 years and has purchased, managed, developed and sold billions of dollars’ worth of real estate during this time. His philosophy is simple: identify and acquire undervalued or under-performing properties, adding capital improvements, aggressive leasing, and management programs in order to achieve long-term, above-market returns, and produce high quality real estate developments that are economically sound.


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