Tarragon Corporation operates as a real estate homebuilder and developer in the United States. The company operates through two divisions, Homebuilding and Investment. The Homebuilding division develops, renovates, builds, and markets high and mid-rise condominiums, condominium and hometown conversions, townhomes, traditional new developments, low-rise condominiums, and low and midrise rental apartment communities in urban locations and communities. It also engages in the land development. As of December 31, 2005, this division had 46 residential communities with 8,006 homes or home sites in inventory or under development in six states. The Investment division owns and operates...