They own a number of the satellite businesses but I believe the main umbrella company is the Villages Operating Company (golf courses, country clubs, LSL town square, + ???); Undeveloped property is owned by The Villages of Lake Sumter Inc.
I don't know what corporation all the HR, IT, etc folks actually work for.
But, you're right, these are generally pretty low paying jobs.
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Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years
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