EXHIBIT 1
JOINT FILING AGREEMENT
In connection with the beneficial ownership of shares of common stock,
par value $.01 per share, of Bluegreen Corporation, Xxxxxx Xxxxxxx Xxxx Xxxxxx &
Co., MSREF III, Inc., Xxxxxx Xxxxxxx Real Estate Investors III, L.P., Xxxxxx
Xxxxxxx Real Estate Fund III, L.P., MSP Real Estate Fund, L.P. and MSREF III
Special Fund, L.P., hereby agree to the joint filing on behalf of such persons
of all filings, including the filing of a Schedule 13D and all amendments
thereto pursuant to Rule 13d-2(f)(1)(iii) under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), required under the Exchange Act pursuant
to which joint filing statements are permitted.
IN WITNESS WHEREOF, the undersigned have caused this Joint Filing
Agreement to be signed as of August 14, 1998.
XXXXXX XXXXXXX XXXX XXXXXX & CO. MSREF III, INC.
By: /s/ XXXXXX XXXXXXXX By: /s/ XXXX X. XXXXX
----------------------------- -----------------------------
Name: Xxxxxx Xxxxxxxx Name: Xxxx X. Xxxxx
Title: Principal Title: Vice President
XXXXXX XXXXXXX REAL ESTATE XXXXXX XXXXXXX REAL ESTATE
FUND III, L.P. INVESTORS III, L.P.
By: MSREF III, Inc., its General Partner By: MSREF III, Inc., its General Partner
By: /s/ XXXX X. XXXXX By: /s/ XXXX X. XXXXX
---------------------------------- ----------------------------------
Name: Xxxx X. Xxxxx Name: Xxxx X. Xxxxx
Title: Vice President Title: Vice President
MSP REAL ESTATE FUND, L.P. MSREF III SPECIAL FUND, L.P.
By: MSREF III, Inc., its General Partner By: MSREF III, Inc., its General Partner
By: /s/ XXXX X. XXXXX By: /s/ XXXX X. XXXXX
---------------------------------- ----------------------------------
Name: Xxxx X. Xxxxx Name: Xxxx X. Xxxxx
Title: Vice President Title: Vice President
