Printer Friendly

Local group acquires IGP.

A group of local investors, under the name of Partners Business Group (PBG), completed the acquisition of Interstate General Properties LP, SE (IGP) for US$14.3 million, previously wholly owned by American Communities Properties Trust (ACPT), reports Caribbean Business (Dec. 24, 2009). It will retain 102 employees from IGP; group and now controls 3,571 of Section 8 subsidized housing units on the island. ACPT, with operations in Maryland and Puerto Rico, is the developer of Parque Escorial and Parque El Comandante planned communities.
COPYRIGHT 2010 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:PUERTO RICO
Publication:Caribbean Update
Date:Jan 23, 2010
Words:85
Previous Article:Nielsen expansion.
Next Article:8TH TIEA.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |