UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.4)*
TRANSCONTINENTAL REALTY INVESTORS, INC.
_____________________________________________________________
(Name of Issuer)
$.01 Par Value Common Stock
_____________________________________________________________
(Title of Class of Securities)
893617-20-9
______________________________________________________________
(CUSIP Number)
Karl L. Blaha, President
Transcontinental Realty Investors, Inc., 10670 North Central
Expressway, Suite 300, Dallas TX 75231; Tel. (214) 692-4700
________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
November 30, 1999
________________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box ___.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO. 893617-20-9
___________
1) Names of Reporting Persons S.S. or IRS Identification Nos. of Above
Person ###-##-####
__________________________________________________________
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)________________________________________________________________
(b)________________________________________________________________
3) SEC Use Only_______________________________________________________
4) Source of Funds (See Instructions) PF
________________________________
5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)______________________________________________
6) Citizenship or Place of Organization United States
______________________________
Number of (7) Sole Voting Power 323,550
Shares Bene- _________
ficially (8) Shared Voting Power 0
Owned by _________
Each (9) Sole Dispositive Power 323,550
Reporting _________
Person
With (10) Shared Dispositive Power 0
__________
11) Aggregate Amount Beneficially Owned by Each Reporting Person 323,550
____________
12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) ___________________________________________________
13) Percent of Class Represented by Amount in Row (11) 3.756
_____________________
14) Type of Reporting Person (See Instructions) IN
_________________________
<PAGE>
Item 1. Security and Issuer.
The class of equity securities to which this Schedule 13D relates is the common
stock, $.01 par value ("Common Stock") of Transcontinental Realty Investors,
Inc. The principal executive offices of Transcontinental Realty Investors,
Inc. are located at 10670 North Central Expressway, Suite 300, Dallas,
TX 75231.
Item 2. Identity and Background.
This statement is being filed by Maurice A. Halperin. My business address is
1460 South Ocean Boulevard, Pompano Beach, FL 33062. I am a private investor.
During the last five years, I have not been convicted in a criminal
proceeding (excluding traffic violations or other similar misdemeanors) and I
have not been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction which resulted in my being subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws. I am a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
Not applicable.
Item 5. Interest in Securities of the Issuer.
As of February 16, 2000, I beneficially own 323,550 shares, or approximately
3.756 percent of the outstanding Common Stock. I have the sole power to vote
and dispose of the Common Stock. There is no shared power to vote or dispose
of the Common Stock I own.
On November 30, 1999, I ceased to be a beneficial owner of more than 5% of the
outstanding Common Stock.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
None.
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and accurate.
DATE: February 16, 2000
/s/ Maurice A. Halperin
__________________________________
Signature
Maurice A. Halperin
__________________________________
Name and Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and accurate.
DATE February 16, 2000
/s/
________________________________________
Signature
Maurice A. Halperin
________________________________________
Name and Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
