X0303 4 2011-01-14 0 0000733590 TRANSCONTINENTAL REALTY INVESTORS INC TCI 0001253756 EQK HOLDINGS INC 1800 VALLEY VIEW LANE, SUITE 300 DALLAS TX 75234 0 0 1 0 Common Stock, par value $0.01 per share 2011-01-14 4 J 0 920507 6.49 A 4369463 D Common Stock, par value $0.01 per share 2011-01-14 4 P 0 922737 6.49 A 5292200 D Common Stock, par value $0.01 per share 2011-01-28 4 P 0 229799 6.49 A 5521999 D On 1/14/2011, the Board of Directors of Basic Capital Management, Inc. ("BCM")declared and paid a dividend to the Reporting Person as the sole stockholder of BCM of a specified amount payable in 920,507 shares of TCI common stock at $6.49 per share. The effect was to render direct ownership of the 920,507 shares of TCI common stock which had been previously reported as indirect ownership through the Reporting Person's subsidiary BCM. On 1/14/2011, the Reporting Person purchased from American Realty Trust, Inc ("ART"), then the owner of all of the outstanding common stock of the Reporting Person, 922,737 shares of TCI common stock at $6.49 per share. On 1/21/2011, ART transferred all of the common stock of the Reporting Person to American Realty Investors, Inc and thereupon, ART ceased to be the parent of the Reporting Person. On 1/28/2011, the Reporting Person purchased from another entity as a single block 229,799 shares of TCI common stock at a price of $6.49 per share. EQK Holdings, Inc. 2011-02-01 By: Daniel J. Moos, President 2011-02-01