Very little would change. The only thing the developer owns north of 44 is the commercial real estate, shopping centers and downtowns, and the championship golf courses. All the amenities, rec. centers pools, gardens, etc. are owned by the residents.

The part about TV going public is at the very end of the video and did not contain anything of substance. There was a thread about this subject last year that at least contained some facts and good speculation.

If the many grandkids don't want to be involved with the running of the business--they might sell.
Don't see it happening near term.

Don't Forget "The Generations"
 

Since we moved here, we're already seeing fourth generation of the Morse family. The first and second, Harold Schwartz and Gary Morse, have already passed on. The three Morse siblings now run the place but are nearing the time when they might be interested in retiring themselves. Their children are already largely in place, working and learning the crafts of real estate development, finance, and overall. management.

The big question, for me anyway, is what are the dozens of other fourth generation Morses doing? How much ownership do they have and how much control can they exert? Do they really want to keep working like a few of their cousins? Or if they have a say, might they just want to "cash out" and enjoy the rest of their lives without working or having any responsibility or worries? Those are questions that I have thought about.

Don't forget that fourth generation... and the fifth and sixth for that matter. It's doubtful that all those Morses will want to work as hard or be as good at the development game as Harold, Gary or the three Morse siblings. How much control do they have over the future of The Villages?

Aren't You Forgetting...?
 

The land... Citizens First Bank... the quarry... the cement company.... the asphalt company... the radio station... the closed circuit TV network... the huge real estate agency... and on and on and on.

Amen!

Enjoyed he show. A bit confused about developer selling conversation. No one could be more profitminded than the existing developer. So I'm not getting your point. We also do pay for those amenities signage flowers, pools etc.

It’s A Numbers Game
 

The original owner of The Villages, Harold Schwartz, had two sons and a daughter. One son, Gary Morse, was CEO of The Villages for many years. Supposedly his brother was a”black sheep” and was bought out and given large house and a piece of land visible north of CR466 east of the Lord Lyall estate and the hotel. No info on their sister.

Gary Morse had three children, Mark who is the current CEO of TV, and his two sisters who head up Sales & Marketing and Design.

The total number of children of the three Morse siblings isn’t known, but some are active in the family business. One of Mark’s daughters is COO and active in development and construction, another is president of Citizens First Bank.

Jennifer Parr is in charge of sales and marketing. Her daughter Paige Boone heads up the polo club and is an active player. Paige Boone’s ex-husband Ryan McCabe works for her mother in sales. His father heads up hospitality for TV and also owns Cane Garden restaurant. Another sister is an actress (the lead in the long-running TV series “The Black List”). Jennifer’s husband is general counsel of TV. Jennifer Parr also has a son, although whether he is employed by TV is unknown.

Tracey Matthews heads up design for TV. Her daughter also plays a key role and is heir apparent in the design department. Tracey has two other children and four grandchildren. Whether any more of them work for TV is unknown.

Another group to be considered are the contractors who do the land development and building in TV. They are essentially the same firms as the contractors who built for Schwartz and Gary Morse, although also now in later generations.

I’m not certain whether I have all the Morses counted up, but as the generations go on they certainly won’t become fewer in numbers.

Very interesting thanks for sharing.

Really enjoy the blacklist who would have thought.

Never say no, the way things are anything can happen, just look around you.

Never never happen....

Richard Schwartz is Gary Morse's half brother and the VP of TV's Golf Division. https://www.linkedin.com/in/richard-schwartz-39582412/


I remember your well thought out post/thread after the country club demolition last year concerning the Morse's selling out.

It is very common for billionaire families to take a company public - so that various family members - especially those not involved in the business (and getting a salary) can enjoy taking cash out for both investment, trust funds, balancing their portfolio, etc. I wouldn't be shocked if they did go public - and also wouldn't be shocked if they didn't.