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AVATAR APPOINTS VICE PRESIDENT OF HOUSING OPERATIONS

 CORAL GABLES, Fla., March 11 /PRNewswire/ -- Avatar Holdings Inc. (NASDAQ: AVTR) today announced the election of Lino Mancebo as vice president-Housing Operations of its subsidiary, Avatar Properties Inc.
 Mancebo's more than 20 years experience in the real estate industry ranged from land acquisition and development to product selection, construction, marketing and sale. During previous positions with Arvida Company, Florida Residential Communities and American Capital Corporation, Mancebo directed development of several communities representing in excess of 5,000 single and multi-family housing products.
 In addition to his B.S. in civil engineering from the University of Miami (Florida), Mancebo earned a masters in commercial science from Rollins College, Winter Park, Fla. He is also Florida-licensed as a general contractor and a real estate broker.
 Mancebo will be based at Avatar's central Florida community of Poinciana New Township where Avatar is currently focusing it expansion of housing operations.
 In addition to Poinciana New Township, Avatar maintains community development operations at Barefoot Bay, Golden Gate, Leisure Lakes and the City of Cape Coral, Fla., and Rio Rico, Ariz.
 Avatar Holdings Inc. is a diversified holding company primarily engaged, through its various subsidiaries, in real estate and utility operations. Real estate activities include the development, marketing and sale of improved and unimproved property; construction and sale of shelter units; operation of amenities, resorts and cable television facilities in Avatar-developed communities; sales and management of timeshare unit weeks; and residential and commercial property management services. Utility operations include the purification and distribution of water and the treatment and disposal of wastewater.
 -0- 3/11/93
 /CONTACT: Juanita I. Kerrigan, vice president and secretary of Avatar Holdings, 305-442-7000, ext. 230/
 (AVTR)


CO: Avatar Holdings Inc. ST: Florida IN: SU: PER

AW-JB -- FL001 -- 5041 03/11/93 10:20 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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