HG Holdings, Inc. engages in multiple businesses through consolidated subsidiaries and other interests. The Company owns and operates businesses and has significant interest in various companies across several industries, including real estate and insurance. The Company invested in the common stock ...
HG Holdings, Inc. engages in multiple businesses through consolidated subsidiaries and other interests. The Company owns and operates businesses and has significant interest in various companies across several industries, including real estate and insurance. The Company invested in the common stock and Series B Preferred Stock of HC Government Realty Trust, Inc., a Maryland based real estate investment trust which owns single tenant commercial properties leased to the Government Services Administration ("GSA") of The United States Government. On July 20, 2021, the Company acquired National Consumer Title Insurance Company, a Florida title insurer ("NCTIC") and National Consumer Title Group LLC, a Florida limited liability company ("NCTG"), which owns a 50% non-controlling membership interest in Title Agency Ventures, LLC ("TAV"), and by virtue thereof, owns 50% of the membership interest in Omega National Title Agency ("Omega"), also a Florida based title agency. NCTIC provides title insurance, closing and/or escrow services and similar or related services in the state of Florida in connection with residential real estate transactions. Omega operates title agency locations in Florida providing title agency services for residential and commercial real estate transactions. The Company also provides managing general agent services to its insurance subsidiaries and third parties through its wholly owned subsidiary, HG Managing Agency, LLC ("HGMA").
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