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s, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the Lloyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relationship with Lewie. In 2006 we invested $4 million to purchase one
the housing crisis we only sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
s, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the Lloyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relationship with Lewie. in 2006 we invested $4 million to purchase one-
the housing crisis we only sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
rs, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the =loyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relationship w=th Lewie. In 2006 we invested $4 million to purchase one
the housing crisis we only=sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
etc., it had approximately $4 million n=t remaining. In 2004 we purchased South Padre Island, our=20 joint venture with the Lloyd Bentsen family in South Texas, from the fu=d run by Lewie Ranieri, and on a friendly basis, separated our relationsh=p with Lewie. In 2006 we invested $4 million to purchase=20 o
housing crisis we only sold 21 hou=es in 2008 and are doing only slightly better than that in 2009. =20 Therefore, the cash flow is not coming from South Padre to Landm=rk, but cash is going from Landmark to South Padre. Recentl= there was some sign of optimism, but in the short run, this may be a fa=se spr
rs, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the =loyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relationship w=th Lewie. In 2006 we invested $4 million to purchase one
the housing crisis we only=sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
Entities connected to both South Texas and South Padre

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