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A Real estate investment trust (REIT) can be an organization or an establishment able to supply other investors to finance their real estate business in a tax-efficient manner. In order to become a REIT, the organization needs to be registered as a corporation, trust, or association; it needs to be run by one or numerous trustees or directors.
Fontainebleau Resorts, LLC, is a resort-hotel company started in Florida by South Florida real estate developers Turnberry Associates [1] and the Plant family in 2005, after their purchase of the Fontainebleau Hotel in Miami Beach. The two families each hold a 50% stake in the company. The company is based in Enterprise, Nevada. [2] [3]
The company has developed more than 30 million square feet of commercial real estate space over the past 30 years. It also owns more than 2,500 acres of developable land statewide, and manages or leases more than 13 million square feet of commercial property. [1] The Flagler company is a wholly-owned subsidiary of Florida East Coast Industries.
Gulf American Land Corporation (GALC) was a land development company in Florida founded by brothers Leonard and Jack Rosen. During the late 1950s and 1960s, GALC was the largest land sales company in the United States. [2] The company is noted for its role in the development of Cape Coral, and pioneering the sales method of installment land ...
Florida has a lot at stake with how real estate agents are paid. There are about as many full-time real estate agents in South Florida as there are middle school teachers and slightly more than ...
Both the Mackle Company and Chemical Research would create 4 subsidiaries for developing property on both coasts of Florida during October 1954. [2] Over time, the company became more diversified and by 1956, most of the company's operations had been concentrated in Floridian real estate and ended up changing their name to Florida Canada ...
Much of South Florida’s housing market is expected to remain resilient since the legislation was modified, according to a real estate lawyer, consultant and broker interviewed for this story.
Founded in 1982, Westgate Resorts operates as a subsidiary of Central Florida Investments, Inc. (CFI), which employs over 10,000 people and has evolved into the largest privately held corporation in the Central Florida area. Siegel opened CFI, a real estate development firm, with an office located in his family garage in 1970. [citation needed]
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