Tarragon Corp.

• Public
• US

Dow Jones Description

We are a real estate homebuilder and investor with over 30 years of experience in the real estate industry. During 2004, we delivered 818 homes with an average price of $259,000 per home and 126 single-family lots with an average price of $45,000 per lot. At December 31, 2004, we had 28 residential communities with 4,352 homes or home sites under development in four states and a backlog of signed contracts for 1,238 homes valued in excess of $340 million. As of December 31, 2004, we also had interests in 13,647 rental apartments units in 58 residential communities and 1.3 million square feet of office and retail space, located in 13 states, primarily in Florida, Connecticut, and Texas. For more detailed information about our rental and for-sale communities, please see ITEM 2. ?PROPERTIES.? History We were incorporated in Nevada on April 2, 1997. We are the successor by merger to Vinland Property Trust, a public real estate investment trust that began operating in 1974, and National Income Realty Trust, a public real estate investment trust that began operations in 1978. We were managed by outside advisors until 1998, when we acquired our then advisor, Tarragon Realty Advisors, Inc.

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