Current news for this company:
Taro Properties - Arizona Land Bank
Arizona-based "land bank" Taro Properties Arizona LLC (As well as affiliates Taro Properties Arizona I and Texas I) has filed for bankruptcy protection according to an azcentral.com article:
In other words, Taro Properties is a derivative casualty of the Trend Homes implosion, which we noted back on February 1 (See their implosion listing here).
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.