SouthStar Communities Announces Acquisition of Bluegreen Communities for $29 Million
SouthStar Communities has announced the acquisition of Bluegreen Communities, a division of Bluegreen Corporation, for $29 million. SouthStar Communities is led by J. Larry Rutherford, who also served on Bluegreen’s board of directors for 14 years.
SouthStar Communities is affiliated with SouthStar Development Partners, a full-service real estate company focused primarily on the residential marketplace in the South, having created successful communities in Texas, North Carolina, Georgia and Florida.
SouthStar’s newly acquired residential communities include Lake Ridge and Sugar Tree near Dallas/Fort Worth, and Chapel Ridge near ChapelĀ Hill, North Carolina. Read more
