FORT LAUDERDALE, FL — (Marketwired) — 03/28/18 — BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX) (“BBX Capital”), and its joint venture partner, CC Homes — a Codina-Carr Company (“CC Homes”), today announced the completion of its Bonterra community located in Hialeah, Florida.
In 2014, BBX Capital invested in a joint venture with CC Homes to develop a portion of BBX Capital’s Bonterra master-planned residential community near I-75 in Dade County, Florida. CC Homes built and sold 394 highly stylized single-family homes featuring any upgraded designer touches. The community also featured many conveniences including access to a clubhouse, fitness center, resort pool, parks, and a 15-acre lake.
About BBX Capital Real Estate: BBX Capital Real Estate is active in the acquisition, ownership and management of real estate development projects and investments in joint ventures. BBX Capital Real Estate also holds legacy assets previously owned by BankAtlantic consisting of loans and charged off loans and judgments. For further information, please visit http://www.bbxcapital.com/bbx-capital-real-estate/overview/
About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX)(OTCQX: BBXTB) is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.
About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE:BXG), founded in 1966 and headquartered in Boca Raton, Florida, is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. Bluegreen’s resort network includes 43 Club Resorts (resorts in which owners in the Bluegreen Vacation Club (“Vacation Club”) have the right to use most of the units in connection with their VOI ownership) and 24 Club Associate Resorts (resorts in which owners in its Vacation Club have the right to use a limited number of units in connection with their VOI ownership). Through Bluegreen’s points-based system, the approximately 213,000 owners in its Vacation Club have the flexibility to stay at units available at any of its resorts and have access to almost 11,000 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation. For further information, visit www.BluegreenVacations.com.
BBX Capital Corporation Contact Info:
Managing Director, Investor Relations Officer
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Kip Hunter Marketing
Nicole Lewis / Elysia Volpe
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Source: BBX Capital Corporation and Bluegreen Vacations Corporation