Tarragon to File to Extend Filing Date for 2007 Form 10-K

Market Wire, March, 2008

Tarragon Corporation (NASDAQ: TARR) today announced that it will file a Form 12b-25 with the Securities and Exchange Commission (SEC) for a 15-calendar day extension to file its 2007 Annual Report on Form 10-K. The extension is needed to allow additional time to complete the Company's 2007 financial statements for the reasons to be set forth in the Form 12b-25 filing. The Company intends to complete its financial statements, distribute a press release regarding its financial results for 2007 and file its Form 10-K as soon as possible within the 15- day extension period.

About Tarragon Corporation

Tarragon Corporation is a leading developer of multifamily housing for rent and for sale. Tarragon's operations are concentrated in the Northeast, Florida, Texas and Tennessee. To learn more about Tarragon Corporation, visit: www.tarragoncorp.com .

TARR-E

Contacts: Broadgate Consultants, LLC Alan H. Oshiki (212) 232-2222 Email Contact Tarragon Corporation William S. Friedman (212) 949-5000 Email Contact


 

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