[1] It was founded and controlled by billionaire Andrew L. Farkas and was headquartered in Greenville, South Carolina.
After the acquisition, Insignia owned or operated about $1.5 billion in real estate assets in 32 states.
[9][3] In 1998, the company sold its apartment investment division to Aimco for $910 million in cash and stock.
[10] In 1999, the company acquired Douglas Elliman from the family of Seymour Milstein for $65 million in cash.
[11] In March 2003, the company sold Douglas Elliman to an affiliate of New Valley LLC for $73.5 million.