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Tarragon Realty Investors Acquires Guardian Equities, Inc. and Control of Affiliated Partnerships; Tarragon Will Consolidate Approximately $31 Million of Land and Construction-in-Progress on Its Balance Sheet.
PR Newswire
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July 10, 2003
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COPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Tarragon Realty Investors, Inc. , a real estate investor and developer of for-sale housing and rental communities, today announced the acquisition of privately-held Guardian Equities, Inc. based in Orlando, FL, and a controlling interest in nine affiliated investment and development partnerships, from Guardian founder and national real estate developer Alan Ginsburg. Consideration paid in the transaction consisted of a combination of cash and securities. As a result, Tarragon will consolidate approximately $31 million in land and construction-in-progress on its balance ...
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