Friday July 11 8:34 AM EDT
Company Press Release
Abraham D. Gosman, Bruce A. Rendina and George L. de
Guardiola to Form New Development Venture
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--July 11, 1997--
-- New Venture to be Called de Guardiola Development Ventures Inc. --
Abraham D. Gosman, Bruce A. Rendina and George L. de Guardiola announced their joint venture agreement to acquire
and develop non- healthcare/medical real estate projects. de Guardiola Development Ventures Inc. will be involved in the
ground zero stages of raw land acquisition and full development and construction of all types of real estate projects
including planned communities and mixed use parcels. Terms of the agreement were not disclosed.
``This venture is unique in its all-encompassing scope,'' said de Guardiola. ``It joins three principals whose real estate
development experience covers all aspects of project financing, acquisitions, land use approvals, development,
marketing and management. The combined experiences in these areas places us in a position to make commitments on a
timely basis for projects of any size and scope.''
According to Gosman, ``We think this is a logical merger of talents which has created a powerful team capable of
succeeding in any real estate project.''
``We believe the combination of financial strength, development and management experience in addition to a proven
track record in gaining approvals for master planned communities represented in this team will result in a solid and
successful venture. We're excited about our future together,'' said Rendina.
George L. de Guardiola is President and founder of de Guardiola Development Inc. and shareholder of Abacoa
Development Corp., the master developer of Abacoa, a 2,000 acre mixed-use, master planned community in Jupiter,
Fla.
Abraham D. Gosman is Chairman of the Board of Trustees for Meditrust (NYSE:MT), the nation's largest health care real
estate investment trust (REIT); Chairman and CEO of PhyMatrix Corp. (Nasdaq:PHMX), a multispecialty, integrated
physician practice management company; and Chairman of the Board of CareMatrix Corporation (ASE:CMD), a fully
integrated assisted living company.
Bruce A. Rendina is President and Chief Executive Officer of DASCO Companies and Vice Chairman of PhyMatrix
Corp. Headquartered in West Palm Beach, DASCO is one of the nation's leading full-service medical real estate
development and management companies.
Contact:
de Guardiola Development Ventures Inc.
Tere Muniz, 561/743-8482 |
