SOURCE: Tarragon Corporation

September 26, 2007 12:25 ET

Tarragon Corporation Names William J. Rosato President of Tarragon Development Corporation

NEW YORK, NY--(Marketwire - September 26, 2007) - Tarragon Corporation (NASDAQ: TARR), a leading mixed use developer with a focus on for rent and for sale multifamily housing, today announced that it has named William J. Rosato as President of Tarragon Development Corporation, where he will be responsible for managing the Company's development activities. Mr. Rosato, 43, was also named as Executive Vice President of Development for Tarragon Corporation where he currently serves as Executive Vice President of Construction. During his four years with the Company he has led Tarragon's Northeast development efforts, including Hoboken's Upper Grand which, when completed, will include more than 2,000 units of rental and for sale housing, 100,000 square feet of retail and Hoboken's first multi-screen movie theater.

Mr. Rosato joined Tarragon in 2003. He previously served as Senior Vice President for Tarragon Corporation and Tarragon Development Corporation from February 2005 through February 2007 and as Director of Construction from October 2003 through February 2005. Before joining Tarragon, Mr. Rosato managed development activities in the New York metropolitan area for Lincoln Property Company. Prior to that, he held positions in the New York offices of Bovis Lend Lease and Skidmore Owings and Merrill. He received his BA and Master of Architecture degrees from the University of Pennsylvania and is a member of the American Institute of Architects and a licensed architect in the state of New York.

William S. Friedman, Chairman and CEO of Tarragon Corporation, said, "Bill has continually demonstrated his leadership and his ability to make significant contributions to Tarragon, which have had great impact on our development business. He has built a team committed to excellence and hard work and we're pleased that he will continue to strengthen his role in the many facets of our business. His leadership and experience will also be of critical importance for us as we look to Tarragon's future."

About Tarragon Corporation

Tarragon Corporation is a leading developer of multifamily housing for rent and for sale. Tarragon's operations are concentrated in the Northeast, Florida, Texas and Tennessee. To learn more about Tarragon Corporation, visit: www.tarragoncorp.com.

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Contact Information

  • Contacts:

    Broadgate Consultants
    Alan H. Oshiki (investors)
    Email Contact
    212-232-2354

    Tarragon Corporation
    William S. Friedman
    Email Contact
    212-949-5000