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ime it paid its lawyers, court costs, and its debt of honor to directors, 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 relatio
be built. After Lloyd Bentsen's death, we bought from his estate, at a very attractive price, his interest, and it is now owned 100% by Landmark. South Padre Island Development is on the right side of history in that it offers good value, in warm weather. on the water for middle-class pre-retirement, retirement buyers, howe
ime it paid its lawyers, court costs, and its debt of honor to directors, 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 relation
o be built. After Lloyd Bentsen's death, we bought from his estate, at a very attractive price, his interest, and it is now owned 100% by Landmark. South Padre Island Development is on the right side of history in that it offers good value, in warm weather. on the water for middle-class pre-retirement, retirement buyers, howe
time it paid its lawyers, court costs, a=d its debt of honor to directors, 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 relat
be built. After Lloyd Bentsen's death, we bought from hi= estate, at a very attractive price, his interest, and it is now owned 1=0% by Landmark. South Padre Island Development is on the right side of history in that it off=rs good value, in warm weather. on the water for middle-class pre-retireme=t, retirement buyers, howe
, and on a friendly basis, separate= our relationship with Lewie. In 2006 we invested $4 milli=n to purchase one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2006, 170 in 2007, and in ea=h of these years had cash flow of $3 million
=e built. After Lloyd Bentsen's death, we bought from =is estate, at a very attractive price, his interest, and it is now owned=100% by Landmark. South Padre Island Development is on the right side of history in that it o=fers good value, in warm weather. on the water for middle-class pre-retire=ent, retirement buyers, howe
Entities connected to both South Padre Island and South Padre Island Development

Barbados
LOCATION
Landmark
ORGANIZATIONSouth Padre
LOCATION
North Carolina
LOCATION
Jeffrey Epstein
PERSONApes Hill
LOCATIONSt. Kitts
LOCATIONBarton
PERSONLewie Ranieri
PERSONSt. Lucia
LOCATION
Ritz-Carlton
ORGANIZATION
the Board of Directors
ORGANIZATION
Barry Diller
PERSONFour Seasons
ORGANIZATIONArcos Gardens
LOCATIONLake Presidential
LOCATIONApes Hill Club
ORGANIZATION
Golf Digest
ORGANIZATIONthe Court of Claims
ORGANIZATION
Lloyd Bentsen's
PERSON