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
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
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).
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.
Copyright Business Wire 2014