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Jon Fels Steps Down as President of Avatar Properties Inc.
CORAL GABLES, Fla., Dec. 30 /PRNewswire-FirstCall/ -- Avatar Holdings Inc. (Nasdaq: AVTR) announced today that Jonathan Fels has stepped down, as of December 31, 2009, as President of its community development subsidiary, Avatar Properties Inc. Mr. Fels, who has served as President of Avatar Properties since December 1997, will pursue other opportunities consistent with his experience and expertise in the custom and semi-custom homebuilding industry. During calendar year 2010, Mr. Fels will provide consulting services to Avatar.
Avatar Holdings Inc. is primarily engaged in real estate operations in Florida and Arizona. Its principal real estate operations are conducted at Poinciana, Solivita and Bellalago in central Florida near Orlando, Seasons at Tradition in Port St. Lucie, Florida and at Rio Rico, south of Tucson, AZ. Avatar's common shares trade on The Nasdaq Stock Market under the symbol AVTR.
SOURCE Avatar Holdings Inc.
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