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cattle situated on farmland located in Pennsylvania.
In 1979, Mr. Monsour purchased several condominiums with
ocean views in a condominium hotel known as the Three Crowns
Hotel located in Sarasota.
At a time not disclosed by the record after Mr. Monsour
invested in the Three Crowns Hotel in 1979 and before July 3,
1983, he purchased 40 percent of the stock of a corporation known
as Azure Tides, Inc., which owned a hotel (Azure Tides Hotel)
located adjacent to the Three Crowns Hotel.
At a time not disclosed by the record after Mr. Monsour
invested in Azure Tides, Inc., and before July 3, 1983, he
purchased 33-1/3 percent of the stock of a corporation which
owned a shopping center known as Georgetown Square2 located in
Sarasota.
At a time not disclosed by the record before July 3, 1983,
Mr. Monsour invested in the Three Crowns Hotel Back Court, a two-
story motel located behind the Three Crowns Hotel.
Around 1980, Mr. Monsour and a radiologist formed a corpora-
2The record refers to the shopping center located in
Sarasota as both Georgetown Square and Georgetowne Square. For
convenience, we shall refer to that shopping center as Georgetown
Square.
The record refers to the following three corporations with
the words “Georgetown Square” in their names in which Mr. Monsour
or petitioner and Mr. Monsour owned stock: Georgetown Square,
Ltd., Georgetown Square Assoc., Inc., and Georgetown Square
Assoc., Ltd. The record is not clear as to which of those
corporations owned the Georgetown Square shopping center.
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Last modified: May 25, 2011