Bluegreen Corporation to Explore Strategic Alternatives for Bluegreen Communities Including a Possible Sale

Bluegreen Corporation BXG announced that its Board of Directors is exploring other strategic alternatives for the Company's Bluegreen Communities business segment, including a possible sale. Led by President and Chief Executive Officer Daniel Koscher, Bluegreen Communities has operated for 45 years and focuses on the acquisition, development, marketing, and retail sale of master-planned residential communities in the Southwestern and Southeastern United States. As such, the operations of Bluegreen Communities do not align with Bluegreen's long-term strategy of being a pure-play in the vacation ownership, resort and hospitality sectors.