Regency Affiliates Inc.

• Public
• US

Dow Jones Description

Regency Affiliates, Inc. (RAFI) is a publicly traded, fully reporting, parent company of several subsidiary business operations: Regency is more than 50 years old. It was reorganized as a Delaware corporation in 1987 to be the successor to Transcontinental Oil Corporation, which existed since 1947. Regency owns a partnership interest in the Security Land and Development Company Limited Partnership. The Partnership owns a two story office building and a connected six story office tower occupied by the United States Social Security Administration Office of Disability and International Operations under a fifteen year lease, expiring in 2018. On April 30, 2004, Regency, through a newly-formed, wholly-owned subsidiary called Regency Power Corporation, a Delaware corporation, acquired a 50% membership interest in MESC Capital, LLC, a Delaware limited liability company, from DTE Mobile, LLC. MESC Capital was formed to acquire all of the membership interests in Mobile Energy Services Company, LLC. Mobile Energy owns an on-site energy facility that supplies steam and electricity to a Kimberly-Clark tissue mill in Mobile, Alabama. Regency owns , through it 75% owned subsidiary, 80% of National Resource Development Corporation which has as its principal asset approximately 70 million + short tons of previously quarried and stockpiled rock ("aggregate") located at the site of the Groveland Mine in Dickinson County, Michigan. ...

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