Hmg/Courtland Properties, Inc. - HMG- Profile

HMG/Courtland Properties, Inc.. The Group's principal activities are to own and manage income-producing commercial properties. It is a Real Estate Investment Trust under the Internal Revenue Code of 1986, as amended. The properties owned by the Group include a hotel, private club and marina located in Coconut Grove, Florida; a shopping center in Jacksonville, Florida and undeveloped land in Houston, Texas. The Group has invested its available cash in income producing debt and equity instruments. The primary source of recurring operating revenue is from rental and related properties. The Group through its subsidiaries invests in certain limited partnerships and other entities that invest venture capital funds in growth oriented enterprises. Real Estate Investment Trust which owns and manages income-producing commercial properties