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Hilltop Holdings was established as Affordable Residential Communities in 1998. The real estate investment trust focused on acquiring, renovating and operating manufactured home communities, among other services. The company completed an initial public offering in July 2004. [8]
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Plano's economy is a large part of Dallas' economy, home to many large companies such as Frito Lay, JCPenney, Pizza Hut, and other major distributors. It is also home to the headquarters of Toyota Motor North America. [6] Plano has also been named as both one of the fastest growing cities and one of the best places to live in the country. [7]
About 18.7% of families and 21.7% of the population were below the poverty line, including 33.6% of those under age 18 and 13.4% of those aged 65 or over. Per 2007's survey, the median price for a house was $129,600; [89] by 2020, the median price for a house was valued at $252,300, with 54.4% of owner-occupied units from $50,000 to $299,999. [90]
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Pretium was formed in 2012 by Donald Mullen who was a Partner at Goldman Sachs. [2] [4] [5] [6] Mullen was the head of Goldman Sachs’ mortgage and credit business and was one of the main architects behind the bet against the U.S. housing market in what became known as "The Big Short."
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