Avatar Elects New Chairman

CORAL GABLES, FL-Avatar Holdings Inc. stockholders elected nine members to the company’s board of directors at its recent annual meeting. Jack Nash, general partner of Odyssey Partners LP, was newly elected to the board and also will also serve as its chairman.

Gerald D. Kelfer, board vice chairman, executive committee chairman, president and CEO of Avatar Holdings Inc.; Eduardo A. Brea, partner and managing director of Sterling Capital Management LLC; Milton H. Dresner, founding partner of The Highland Cos.; and Martin Meyerson, president emeritus and policy and planning professor at the University of Pennsylvania were re-elected to board positions. Also re-elected were Kenneth T. Rosen, business administration professor and chairman of the Fisher Center for Real Estate and Urban Economics at the University of California at Berkeley; Fred Stanton Smith, board vice chairman of The Keyes Co.; William G. Spears, principal with Spears, Grisanti & Brown LLC; and Beth A. Stewart, CEO and co-chairman of Storetrax.com and president of Stewart Real Estate Capital.