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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Firm's Acquisition Would Follow Move

February 06, 2001

A Florida company said Monday that it has tentatively agreed to purchase Titus Real Estate LLC and temporarily moved its corporate headquarters to Huntington Beach. Terms of the deal were not disclosed.

Highland Holdings International Inc., which holds stakes in gold and metal exploration claims, said in a press release that the acquisition would make it the advisor and manager of Titus Capital Corp., a real estate investment trust with $3.9 million in assets and $1.5 million in equity.

Should the deal go through, Highland said, it would issue a public offering to raise funds to buy residential and commercial mortgages, and expand investments in residential health-care facilities.

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