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In 1990, the company acquired the assets of U.S. Shelter Corp, which managed 55,000 apartments. After the acquisition, Insignia owned or operated about $ 1.5 billion in real estate assets in 32 states.
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541:"New Valley's 50%-Owned Real Estate Entity Acquires Insignia Douglas Elliman; Forms Prudential Douglas Elliman, The Largest Residential Brokerage in New York Metropolitan Area"
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133:. It was the largest manager of apartments, controlling 300,000 apartment units at its peak. The company was sold in two tranches in 1999 and 2003.
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Insignia was launched in 1990 by Andrew L. Farkas with about $ 5 million in family money. Farkas is the grandson of George Farkas, the founder of
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In 1996, the company acquired the Edward S. Gordon
Company for $ 74 million. Gordon then worked for Insignia until his death in 2000 from
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459:"Residential Real Estate; Insignia Financial Announces Plans for a Corporate Restructuring"
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that were financially distressed, with the goal of increasing value via
358:"RECAPITALIZING U.S. Shelter sells assets to Insignia Financial Group"
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In March 2003, the company sold
Douglas Elliman to an affiliate of
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In 1998, the company sold its apartment investment division to
288:"Insignia Financial to Acquire Edward S. Gordon Company"
183:, at which time Insignia received $ 19.1 million from a
501:"PRUDENTIAL PAYS $ 73.5M FOR INSIGNIA DOUGLAS ELLIMAN"
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Financial services companies disestablished in 2003
418:"ED GORDON'S LIFE INSURANCE POLICY PAID FIRM $ 19M"
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480:"Douglas Elliman Real Estate Brokerage to Be Sold"
338:"Property mogul Andrew Farkas aims for coup No. 2"
608:Financial services companies established in 1990
192:U.S. Department of Housing and Urban Development
237:In 2003, the remainder of Insignia was sold to
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153:, and the son of Robin Farkas, its former
129:Andrew L. Farkas and was headquartered in
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618:Defunct companies based in South Carolina
581:Corfman, Thomas A. (February 19, 2003).
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190:In 1997, the company was accused by the
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168:In October 1993, the company became a
157:. The company received financing from
336:Agovino, Theresa (October 23, 2011).
312:"Insignia Group's Expanding Universe"
286:DEUTSCH, CLAUDIA H. (June 18, 1996).
216:for $ 910 million in cash and stock.
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583:"CB Richard Ellis acquires Insignia"
560:Vincent, Roger (February 19, 2003).
209:-based Realty One for $ 39 million.
125:. It was founded and controlled by
562:"CB Richard Ellis to Buy Insignia"
14:
262:Jones, David (November 1, 2011).
549:(Press release). March 17, 2003.
521:"Insignia sells Douglas Elliman"
457:HOLUSHA, JOHN (March 18, 1998).
416:Weiss, Lois (November 3, 2000).
499:Keil, Braden (March 17, 2003).
397:"EDWARD S. GORDON SOLD FOR 74M"
310:HOLUSHA, JOHN (July 11, 1999).
117:was a company that invested in
478:HOLUSHA, JOHN (May 29, 1999).
395:Grant, Peter (June 18, 1996).
219:In 1999, the company acquired
205:In 1997, the company acquired
107:https://www.insigniafinco.com/
1:
264:"Andrew Farkas: The sequel"
241:for $ 415 million in cash.
194:of giving $ 7.6 million in
65:; 21 years ago
47:; 34 years ago
16:Defunct real estate company
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443:United Press International
438:"Insignia buys Realty One"
227:for $ 65 million in cash.
187:policy taken on his life.
131:Greenville, South Carolina
97:Greenville, South Carolina
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376:"Equity Issues This Week"
21:Insignia (disambiguation)
176:led by Lehman Brothers.
115:Insignia Financial Group
27:Insignia Financial Group
174:initial public offering
151:chief executive officer
446:. September 30, 1997.
526:Crain Communications
343:Crain Communications
234:for $ 73.5 million.
185:key person insurance
19:For other uses, see
402:New York Daily News
384:. October 11, 1993.
223:from the family of
147:Alexander S. Farkas
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485:The New York Times
464:The New York Times
381:The New York Times
364:. January 3, 1991.
317:The New York Times
293:The New York Times
200:subsidized housing
567:Los Angeles Times
529:. March 17, 2003.
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93:Headquarters
81:Acquired by
143:Alexander's
127:billionaire
36:Real estate
602:Categories
245:References
239:CBRE Group
119:apartments
87:CBRE Group
196:kickbacks
155:chairman
32:Industry
172:via an
137:History
103:Website
68: (
60:Defunct
50: (
42:Founded
85:&
214:Aimco
83:Aimco
78:Fate
70:2003
63:2003
52:1990
45:1990
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