Paragon Real Estate Equity and Investment Trust
Ideally, Paragon Real Estate Equity and Investment Trust would be the very model of real estate investing, but it merely is a corporate shell company. The firm is seeking investment opportunities in land development, joint ventures, other real estate companies, and retail, office, industrial, and hospitality properties. In 2008 it began investing in stock of publicly traded real estate investment trusts (REITs). Entities associated with CEO James Mastandrea control more than three-quarters of Paragon, which has expressed doubts about its ability to continue as a going concern and may seek additional investors or sell its corporate shell.
Contact Details
Executives
Chairman, President, and CEO
James C. Mastandrea
SVP, CFO, and Trustee
John J. Dee