Sector: Real Estate Development
Latest Quote @ Fri May 5 19:26:57 (15 min delayed)
Last Day's Data
Bluegreen Corporation provides vacation and residential lifestyle choices through its resorts and residential community businesses. The company conducts its operations through two segments, Bluegreen Resorts and Bluegreen Communities. The Bluegreen Resorts segment acquires, develops, and markets vacation ownership interests (VOI) in its resorts. This segment also implements its Bluegreen Vacation Club system, which permits its VOI owners to purchase an annual allotment of points that can be redeemed for occupancy rights at Bluegreen-owned and other participating resorts. Its resorts are located in Florida, Pennsylvania, South Carolina, Tennessee, Wisconsin, Virginia, Missouri, Michigan, Georgia, Hawaii, Montana, Alabama, and Aruba. In addition, this segment provides resort management services to resort property owners associations. As of December 31, 2004, Bluegreen Resorts segment had approximately 134,000 VOI owners, including approximately 95,000 members in the Bluegreen Vacation Club. The Bluegreen Communities segment acquires, develops, and subdivides real estate property, as well as markets residential homesites to retail customers, who seek to build a home in a residential setting. It also provides financing to individual purchasers of VOIs and homesites sold by it. As of December 31, 2004, Bluegreen Communities developed and sold homesites directly to retail consumers in communities primarily located in Texas, Georgia, and North Carolina. The company was founded in 1966 and is headquartered in Boca Raton, Florida.