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AVATAR HOLDINGS REPORTS ANNUAL MEETING OF STOCKHOLDERS

 AVATAR HOLDINGS REPORTS ANNUAL MEETING OF STOCKHOLDERS
 CORAL GABLES, Fla., June 15 /PRNewswire/ -- Leon Levy, chairman of


the board of Avatar Holdings Inc. (NASDAQ: AVTR), a Coral Gables-based diversified holding company, announced today that the following individuals were re-elected as directors at the Annual Meeting of Stockholders:
 Leon Levy William M. Porter
 Geoffrey C. Hazard Jr. Fred Stanton Smith
 J. Edward Houston Henry K. Stanford
 Leon T. Kendall Lawrence Wilkov
 Martin Meyerson
 The stockholders also approved the appointment of Ernst & Young as the company's auditors for 1992.
 Levy also announced that, at its annual meeting following the annual meeting of stockholders, the board of directors increased its membership to 10 and elected Edwin Jacobson a director of the company and chairman of the executive committee. As chairman of the executive committee, Jacobson will devote a substantial amount of time working with Lawrence Wilkov, president, chief executive and chief operating officer, and other senior executives of Avatar on real estate development and sales, financing activities and special projects. Jacobson serves as president and chief executive officer of Chicago Milwaukee Corporation, a registered closed-end investment company, and as president and chief executive officer of CMC Heartland Partners, a real estate development and sales company.
 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- 6/15/92
 /CONTACT: Juanita I. Kerrigan, vice president and secretary of Avatar Holdings Inc., 305-442-7000/
 (AVTR) CO: Avatar Holdings Inc. ST: Florida IN: SU:


AW-JB -- FL013 -- 0307 06/15/92 16:04 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 15, 1992
Words:318
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