FORT LAUDERDALE, FL — (Marketwired) — 03/15/16 —
BFC Financial Corporation (“BFC” or the “Company”) (OTCQB: BFCF) (OTCQB: BFCFB) reported financial results for the fourth quarter and year ending December 31, 2015.
BFC Selec…
BRAMPTON, ON and FORT LAUDERDALE, FL — (Marketwired) — 02/25/16 —
Renin Holdings, LLC, (“Renin,” and/or “Renin Corp.”), today announced that it has appointed Mr. Tim Kuhn as the new Vice President of Marketing.
“Tim brings over 15 years of B2B and B2C experience leading teams in sales and marketing, product development, branding and communications in both public and private companies,” commented Shawn Pearson, Renin’s President and Chief Executive Officer. “We believe Tim is an ideal fit with our strategic plans and we welcome him to the Renin team.”
Before joining Renin, Mr. Kuhn held the position of Communications and Branding Director at Armtec LP, a leading Canadian infrastructure company, where Mr. Kuhn was responsible for increasing revenue, brand awareness and market share through various digital and print communication strategies. Prior to this, he held various leadership positions in Product Development with Breville USA, Canadian Tire and Black & Decker. Mr. Kuhn holds a Bachelor of Arts in Communications from Wilfrid Laurier University in Waterloo Ontario.
Renin Holdings, LLC is owned 81% by BBX Capital Corporation (NYSE: BBX) and 19% by BFC Financial Corporation (OTCQB: BFCF).
About Renin:
Renin is one of the largest interior door manufacturers by volume in North America with manufacturing operations in Canada and the United States. Renin has been supplying Innovative Interior Sliding Doors and Hardware Systems since the 1960’s when it first invented the sliding mirror closet door, and continues to be an innovative manufacturer of door systems and hardware for the retail, commercial, OEM door manufacturer, and door fabricator channels. Renin manufactures and distributes sliding bi-pass and bi-fold closet doors, room dividers, wall decor and fabricated glass, to the retail, residential construction, and remodeling markets, and its distribution channels include big box retailers, wholesale small box retailers, millwork distributors, door and RV manufacturers, builders, and new channel forms in hospitality. For more information, please visit www.ReninCorp.com
About BBX Capital Corporation:
BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation, have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX Capital and BFC together own 100% of Bluegreen. As of September 30, 2015, BBX Capital had total consolidated assets of $390.7 million, shareholders’ equity attributable to BBX Capital of $319.6 million, and total consolidated equity of $320.8 million. BBX Capital’s book value per share at September 30, 2015 was $19.49.
About BFC Financial Corporation
:
BFC (OTCQB: BFCF)(OTCQB: BFCFB) is a holding company whose principal holdings include an 81% ownership interest in BBX Capital Corporation (NYSE: BBX) and its indirect ownership interest in Bluegreen Corporation. BFC owns a 54% equity interest in Woodbridge, the parent company of Bluegreen. BBX Capital owns the remaining 46% equity interest in Woodbridge. As of September 30, 2015, BFC had total consolidated assets of $1.3 billion, shareholders’ equity attributable to BFC of $353.8 million, and total consolidated equity of $462.5 million. BFC’s book value per share at September 30, 2015 was $4.18.
About Bluegreen Corporation:
Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen is a sales, marketing and resort management company, focused on the vacation ownership industry and pursuing a capital-light business strategy. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 193,000 owners, over 64 owned or managed resorts, and access to more than 4,500 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, turnkey, fee-based services, including resort management services, financial services, and sales and marketing services, to or on behalf of third parties.
For further information, please visit our family of companies:
Renin Corporation: www.ReninCorp.com
BBX Capital: www.BBXCapital.com
BFC Financial Corporation: www.BFCFinancial.com
Bluegreen Corporation: www.BluegreenVacations.com
This press release contains forward-looking statements that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. The forward looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to be correct. Past performance and perceived trends may not be indicative of future results. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission, which are available in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015, and its Annual Report on Form 10-K for the year ended December 31, 2014, which may be viewed on the SEC’s website, www.sec.gov, on BBX Capital’s website, www.BBXCapital.com
,
or on BFC Financial’ s website, www.BFCFinancial.com. BBX Capital and BFC Financial caution that the foregoing factors are not exclusive, and we do not undertake, and specifically disclaim any obligation, to update or supplement any forward-looking statements.
Image Available: http://www.marketwire.com/library/MwGo/2016/2/24/11G084374/Images/timmy-25aa1fc195e2833484dc8010055f9f0d.jpg
Contact Info:
Media Contact:
Kip Hunter Marketing
954-765-1329
Aimee Adler/ Jodi Goldstein
Email: aimee@kiphuntermarketing.com, jodi@kiphuntermarketing.com
Investor Relations: Leo Hinkley, Managing Director
954- 940-5300/4994
Email: LHinkley@BBXCapital.com or LHinkley@BFCFinancial.com
Source: BBX Capital Corporation
BRAMPTON, ON and FORT LAUDERDALE, FL — (Marketwired) — 01/11/16 — Renin Holdings, LLC, (“Renin,” and/or “Renin Corp.”), today announced that it will showcase its broad portfolio of products at the upcoming NAHB International Builders’ Show® …
FORT LAUDERDALE, FL — (Marketwired) — 01/07/16 —
BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX), announced today it has entered into a joint venture agreement with ContraVest to develop The Addison on Millenia. Case Pomeroy & CO is also an investor in the joint venture.
Located within BBX Capital Real Estate’s 47-acre mixed use development known as Gardens on Millenia in Orlando, FL, The Addison on Millenia is currently expected to consist of ten, two, three and four story buildings with a total of 292 apartment homes. Located on an approximate 11.5 acre parcel, the community is expected to feature a mix of one, two, and three bedroom apartment homes ranging from 780 to 1,441 square feet.
It is anticipated that The Addison on Millenia will feature unit amenities which include gourmet kitchens, energy star appliances, granite counters, spa-inspired bath tubs, granite counters and spacious linen closets. Indirect attached garages are also planned for select units. Membership in a resort style 8,000 square foot clubhouse, which offers features for recreational and business purposes, is also planned to be offered to all residents. Other planned amenities include a resort style pool, outdoor gourmet kitchen with gas grills, a full circuit fitness center, an outdoor social area with a fire pit, a billiard table and gaming stations, and various pet friendly features.
The master plan for Gardens on Millenia includes approximately 300,000 square feet of total retail space and two one-acre outparcels. As previously announced, BBX Capital Real Estate entered into a joint venture agreement with Stiles Corporation to develop an approximately 141,100 square foot retail center which will include Hobby Lobby and Academy Sports as anchors along with 23,200 square feet of inline retail space. BBX Capital Real Estate also sold 15.46 acres of land to Costco Wholesale Corporation. Costco plans to build an approximately 152,000 square foot store and gas station adjacent to the retail center. The Gardens on Millenia is located just east of The Mall at Millenia on Millenia Boulevard. The site is highly visible with more than 1,600 feet of frontage on Millenia Boulevard as well as frontage along I-4. The property is easily accessible from I-4 and the Florida Turnpike.
“We are very pleased to be partnering with a company of ContraVest’s experience in developing and managing high quality residential communities,” said Seth Wise, President of BBX Capital Real Estate. “With ContraVest as a partner, we look forward to bringing quality, highly amenitized, residential living to The Gardens on Millenia.”
“We are excited to partner with BBX Capital Real Estate on this new community,” said Steve Ogier, President of ContraVest. “Addison on Millenia is a desirable location with nearby employment opportunities and within walking distance to the Mall of Millenia. The community is surrounded by a variety of attractive retail, lifestyle and entertainment options and is easily accessible to key transportation corridors.”
“The Addison on Millenia brings additional excitement to the master-planned community,” said Bruce Parker, Managing Director of BBX Capital Real Estate. “Construction of Gardens on Millenia is expected to begin later this month.”
About ContraVest:
ContraVest is a vertically integrated luxury apartment real estate development company that performs all the function required to bring an apartment asset to life; development, general contracting and property management. ContraVest is a 30 year old company with over 28,000 apartment homes developed in excess of $1.5B in asset value. Its development partners and investors include large financial institutions, private investors and middle size funds. Currently ContraVest has in excess of $234M in apartment assets under construction totaling over 1770 units. For more information about ContraVest visit www.contravest.com.
About BBX Capital Real Estate:
BBX Capital Real Estate, a division of BBX Capital, specializes in the development, operation, management, and investment in residential and commercial real estate and real estate lending. BBX Capital Real Estate is a division of BBX Capital Corporation (NYSE: BBX). For more information, please visit www.BBXCapitalRealEstate.com.
About BBX Capital Corporation:
BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation, have a 46% and 54% respective ownership interest in Bluegreen Corporation. As of September 30, 2015, BBX Capital had total consolidated assets of $390.7 million, shareholders’ equity attributable to BBX Capital of $319.6 million, and total consolidated equity of $320.8 million. BBX Capital’s book value per share at September 30, 2015 was $19.49.
For further information, please visit our family of companies:
BBX Capital: www.BBXCapital.com
Bluegreen Corporation: www.BluegreenVacations.com
BBX Capital Real Estate: www.BBXCapitalRealEstate.com
BBX Capital Partners: www.BBXCapitalPartners.com
BBX Sweet Holdings: www.BBXSweetHoldings.com
Renin Corporation: www.ReninCorp.com
BFC Financial Corporation (OTCQB: BFCF) (OTCQB: BFCFB): www.BFCFinancial.com
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements and include (but are not limited to) words or phrases such as “plans,” “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “our view,” “we see,” “would” and words and phrases of similar import. Future results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of management. These risks and uncertainties include, but are not limited to the impact of economic, competitive and other factors affecting the Company; that the Company’s ability to successfully implement its currently anticipated business plans may not be realized as anticipated, if at all; that the Company’s investments in real estate developments, either directly or through joint ventures, will increase exposure to downturns in the real estate and housing markets and expose it to risks associated with real estate development activities and the risk that its joint venture partners may not fulfill their obligations; that the proposed The Addison on Millenia or the proposed master planned Gardens on Millenia community will not be developed as currently planned, if at all; and that the Company’s investment in this or future real estate joint ventures may not achieve the returns anticipated or be profitable. In addition to the risks and factors identified above, reference is also made to other risks and factors impacting BBX Capital detailed in the Annual Report on Form 10-K, including Item 1A. Risk Factors, which is available to view on the SEC’s website, www.sec.gov, or on BBX Capital’s website, www.BBXCapital.com. The Company cautions that the foregoing factors are not exclusive.
BBX Capital Contact Information:
Media Contact:
Kip Hunter Marketing
954-765-1329
Aimee Adler
Email: aimee@kiphuntermarketing.com
Jodi Goldstein
Email: jodi@kiphuntermarketing.com
Investor Relations:
Leo Hinkley
Managing Director
954-940-5300/4994
Email: LHinkley@BBXCapital.com
Source: BBX Capital Corporation
FORT LAUDERDALE, FL — (Marketwired) — 01/05/16 —
BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX), announced today it has entered into a joint venture agreement with The Altman Companies to develop Altis at Bonterra.
Located within BBX Capital Real Estate’s Master-Planned community of Bonterra in Hialeah, Florida, Altis at Bonterra plans to develop 314 apartment homes on approximately 14 acres.
It is anticipated that Altis at Bonterra will offer a mix of one, two and three bedroom apartment homes averaging approximately 1,063 square feet. Units are expected to feature gourmet kitchens, energy star appliances, granite counters, contemporary espresso cabinets as well as spa-inspired baths with raised vessel sinks, marble counters and spacious linen closets. The development currently plans to offer a community garden, dog agility park and membership in a resort style 6,245 square foot clubhouse which includes a beach entry pool, pool pavilion, outdoor kitchen, pool-side cabanas, full circuit fitness center, movie entertainment area, game room, and a kids’ play ‘n study area.
Altis at Bonterra will be located on the northwest corner of the Bonterra community (southeast corner of NW 97th Avenue and NW 154th street). The first apartments are anticipated to be delivered in the first quarter of 2017.
Including Altis at Bonterra, the master-planned Bonterra community will comprise of approximately 128 acres of land and is currently planned to feature 1,171 highly stylized single-family homes, villas, town homes, and apartments, along with several parks and a 15 acre lake.
Bonterra is conveniently located near Interstate 75, Florida Turnpike, Palmetto Expressway, and Miami International Airport.
“We are pleased to announce our continued progress with Bonterra and this joint venture with The Altman Companies,” said Seth Wise, President of BBX Capital Real Estate. “The Altman Companies is highly respected in the rental apartment field and we are excited to partner with Altman to bring a luxury apartment community to the city of Hialeah.”
“Bonterra is a desirable location and is easily accessible to Miami, the proposed American Dream mega mall and nearby employment opportunities,” said Joel Altman, Chairman of The Altman Companies. “We believe Altis at Bonterra is well positioned to capitalize on significant growth in rental demand in the area due to Hialeah’s attractive supply and demand fundamentals. We are excited to partner again with BBX Capital Real Estate.”
Atlis at Bonterra is BBX Capital Real Estate’s third multi-family apartment collaboration with The Altman Companies. Other projects include Altis at Kendall Square, a 321 apartment development in Miami, Florida, and Altis at Lakeline, a 354 apartment development in the northwest area of Austin, Texas.
BBX Capital Real Estate previously announced a joint venture agreement with CC Homes — a Codina-Carr Company, to develop approximately 394 single-family homes at Bonterra, and recently sold an approximate 36-acre parcel of land in Bonterra to Lennar Corporation, on which Lennar plans to build approximately 463 single-family homes, villas and townhomes.
About The Altman Companies
: Since 1968, the Altman Companies has developed, constructed, acquired and managed in excess of 22,000 multi-family units in Florida, Michigan, Illinois, Tennessee, Georgia, Texas and North Carolina. The company has a reputation for developing and operating luxury apartment homes and condominiums. For more information on The Altman Companies, go to www.altmancos.com.
About BBX Capital Real Estate:
BBX Capital Real Estate, a division of BBX Capital, specializes in the development, operation, management, and investment in residential and commercial real estate and real estate lending. BBX Capital Real Estate is a division of BBX Capital Corporation (NYSE: BBX). For more information, please visit www.BBXCapitalRealEstate.com.
About BBX Capital Corporation:
BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation, have a 46% and 54% respective ownership interest in Bluegreen Corporation. As of September 30, 2015, BBX Capital had total consolidated assets of $390.7 million, shareholders’ equity attributable to BBX Capital of $319.6 million, and total consolidated equity of $320.8 million. BBX Capital’s book value per share at September 30, 2015 was $19.49.
For further information, please visit our family of companies:
BBX Capital: www.BBXCapital.com
Bluegreen Corporation: www.BluegreenVacations.com
BBX Capital Real Estate: www.BBXCapitalRealEstate.com
BBX Capital Partners: www.BBXCapitalPartners.com
BBX Sweet Holdings: www.BBXSweetHoldings.com
Renin Corporation: www.ReninCorp.com
BFC Financial Corporation: www.BFCFinancial.com
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements and include (but are not limited to) words or phrases such as “plans,” “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “our view,” “we see,” “would” and words and phrases of similar import. Future results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of the Company. These risks and uncertainties include, but are not limited to, the impact of economic, competitive and other factors affecting the Company; that the Company’s investments in real estate developments, either directly or through joint ventures, will increase exposure to downturns in the real estate and housing markets and expose it to risks associated with real estate development activities and the risk that its joint venture partners may not fulfill their obligations; that Atlis at Bonterra or the Bonterra mixed use property will not be developed as currently planned or anticipated; and that the Company’s investments in real estate joint ventures may not achieve the returns anticipated or be profitable. In addition to the risks and factors identified above, reference is also made to other risks and factors described in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including, without limitation, those described in the Risk Factors section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The Company’s filings with the SEC are available to view on the SEC’s website, www.sec.gov, or on the Company’s website, www.BBXCapital.com. The Company cautions that the foregoing factors are not exclusive. The Company does not undertake, and specifically disclaims, any obligation to update or supplement any forward-looking statements.
BBX Capital Contact Information:
Media Contact:
Kip Hunter
Marketing
954-765-1329
Aimee Adler
Email: aimee@kiphuntermarketing.com
Jodi Goldstein
Email: jodi@kiphuntermarketing.com
Investor Relations:
Leo Hinkley
Managing Director
954- 940-5300/4994
Email: LHinkley@BBXCapital.com
Source: BBX Capital Corporation
At BBX Capital, we are committed to ensuring that individuals with disabilities enjoy full access to our website. In recognition of this commitment, we are in the process of making modifications to increase the accessibility and usability of this website, using the relevant portions of the Web Content Accessibility Guidelines 2.1 (WCAG 2.1) as our standard. Please be aware that our efforts are ongoing. If at any time you have difficulty using this website or with a particular web page or function on this site, please contact us at accessibility@bbxcapital.com, provide us with your contact information, and we will make all reasonable efforts to assist you.
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