Tarragon reports $65.74 million net loss for July; revenues fall

By Caroline Salls

Pittsburgh, Sept. 10 - Tarragon Corp. reported a $65.74 million net loss for July on $2,448 in total revenues, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of New Jersey.

The figures showed a decline from the $5.55 million net loss posted in June on $8,300 in total revenues.

Tarragon had $11.05 million in cash and cash equivalents at July 31, up from $10.18 million at the end of June.

Tarragon, a New York homebuilder, filed for bankruptcy on Jan. 12, 2009. Its Chapter 11 case number is 09-10555.

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