DALLAS, June 23, 2000 (PRIMEZONE) -- Income Opportunity Realty Investors, Inc. (AMEX:IOT) Friday announced that its largest shareholder, American Realty Trust, Inc. (NYSE:ARB), has obtained the necessary financing to satisfy its debt relating to margin calls on its shares of Income Opportunity Realty Investors, Inc.
American Realty continues to negotiate with its margin debt lenders in regard to the stock of its other affiliates, Transcontinental Realty Investors, Inc. (NYSE:TCI) and National Realty, L.P. (AMEX:NLP).
Income Opportunity Realty Investors, Inc. is a Dallas-based real estate investment trust. IOT primarily invests in equity interest in real estate through direct ownership and partnerships. For more information, go to the company's Web site at www.incomeopp-realty.com