Bluegreen Vacations(TM) Renews Quorum Purchase Facility

FORT LAUDERDALE, FL--(Marketwired - April 23, 2018) - BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) ("BBX Capital") announced that Bluegreen Vacations Corporation (NYSE: BXG), which is 90% owned by BBX Capital, issued the following release.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a Florida-based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG) is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with approximately 213,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks as of December 31, 2017. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For further information, visit www.BluegreenVacations.com.

The Bluegreen Vacations press release follows below:

Bluegreen Vacations Renews Quorum Purchase Facility

BOCA RATON, FL - April 20, 2018- Bluegreen Vacations Corporation (NYSE: BXG), along with Bluegreen/Big Cedar Vacations, LLC, a joint venture in which Bluegreen Vacations has a majority interest, today announced the renewal of the non-recourse VOI notes receivable purchase facility with Quorum Federal Credit Union ("Quorum"). Under this renewal, Quorum has agreed to purchase, on a revolving basis, eligible VOI notes receivable in an aggregate purchase price of up to $50 million. As of April 6, 2018, $21.1 million was outstanding under the Quorum Purchase Facility. The amendment to the Quorum Purchase Facility extended the purchase period from June 30, 2018 to June 30, 2020.