Profile: HMG Courtland Properties Inc (HMG.A)
16 Mar 2018
HMG/Courtland Properties, Inc. (HMG), incorporated on June 15, 1979, is a real estate investment trust (REIT). The Company is engaged in the ownership and management of income-producing commercial properties. The Company's portfolio of REIT marketable securities consists of preferred and non-preferred equity of large capital publicly traded REITs. The Company's investments in non-REIT marketable securities include equity and debt securities issued primarily by large capital companies or government agencies with readily determinable fair values in varying industries. This includes real estate investment trusts and mutual funds focusing in commercial real estate activities. Substantially all of the Company's marketable securities investments are in companies listed on national stock markets. The Company's other investments consist primarily of nominal equity interests in various privately-held entities, including limited partnerships whose purpose is to invest venture capital funds in growth-oriented enterprises. HMGA, Inc. is the advisor of the Company.
The Company, through its subsidiary, HMG Orlando LLC, owns membership interest in JY-TV Associates, LLC, a Florida limited liability company (JY-TV). The Company's subsidiaries include Courtland Investments, Inc. (CII), in which the Company holds a non-voting interest and Masscap Investments Company, Inc. (Masscap), which holds a voting interest in CII. Its subsidiary, 260 River Corp (260), owns an interest in a vacant commercially zoned building located on approximately 5.4 acres in Montpelier, Vermont. Its other subsidiaries are HMG Bayshore, LLC (HMGBS), which is a Florida limited liability company and Baleen Associates, Inc. (Baleen), which is owned by CII, and whose sole asset is an interest in a partnership, which operates a suite rental business in Coconut Grove, Florida.
HMG Courtland Properties Inc
1870 S Bayshore Dr
COCONUT GROVE FL 33133-3308