Bluegreen Corporation  Bluegreen Corporation is an American private vacation ownership company based in Boca Raton, Florida. Currently a wholly owned subsidiary of BFC Financial Corporation with around 4,500 employees, the company provides vacations at 60 company-managed resorts on a time-share basis, with alternative resort and cruise options available through upselling and third-party exchanges. Bluegreen makes its services available to other resort operators on a fee-for-service basis. Originally a land-sale company founded as Patten Realty Corporation in 1966, Bluegreen also developed land into residential and golf course communities until 2012. The company currently has three primary divisions: "Bluegreen Resorts" oversees the time-share program, "Bluegreen Vacations" manages the Bluegreen Vacation Club point system, and "Outdoor Traveler" markets Bluegreen programs at Bass Pro stores. Beyond Bass Pro, Bluegreen also has ongoing partnerships with companies such as Choice Hotels International. In 2012 Bluegreen's profits came to $458 million and total assets equaled to $1.08 billion. Bluegreen's philanthropic efforts include support of organizations such as the American Red Cross and JDRF. Bluegreen Corporation was formed in Massachusetts in 1966 as Patten Realty. Founder Harry Patten had previously worked in sales at American Central, a developer of vacation home sites, and by 1964, he had saved enough to develop a single property himself. Purchasing a $15,000 parcel in rural Stamford, Vermont, Patten took on a partner and headquartered the business in the 25-room Stamford estate. Their original core business was regional in scope. Patten Realty would purchase large tracts of undeveloped or lightly developed land, usually with token down payments, from farmers unable to market it themselves. Then, they paid to have the land subdivided, and would resell the resulting 5- to 20-acre parcels to city dwellers as recreational or potential property. Patten branched off as an independent developer after ten years, and in 1976, he incorporated the business as Patten Realty Corporation. In 1982, Patten Realty Corporation opened its first regional office branch in Portland, Maine. Annual sales increased more than tenfold, to $35 million, between 1981 and 1984 as Patten expanded outside the Northeast, and Patten was named by "Fortune" as one of 1985's “50 Most Fascinating Business People.” Patten Realty Corporation went public with an initial public offering in November 1985, and in 1986, it was listed on the New York Stock Exchange as Patten Corporation, or Patten Corp.