As part of the public offering, Levitt gave the underwriters the option to buy up to 750,000 additional shares. The offering's managing underwriters are Friedman, Billings, Ramsey & Co. Inc., Raymond James & Associates Inc. and BB&T Capital Markets, a division of Scott & Stringfellow Inc.
Publicly traded Levitt Corp., the BankAtlantic Bancorp Inc. former real estate development subsidiary that spun off, is the parent company of Levitt and Sons and Core Communities. Levitt and Sons develops multifamily and single-family homes for active adults and families in Florida. Core Communities develops master-planned communities in Florida, including its newest community, Tradition, under development in St. Lucie County and featuring a commercial town center, a corporate park, and more than 15,000 residences.
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