Loan company joins conglomerates.

The article reports on the venture of GAC Corp. into the real estate business after its purchase of the 265,00 acres, Florida land of the Mormon Church. The acquisition of the property is part of the diversification strategy of the financial institution giant, which saw its finance swell to 900 million U.S. dollars in 1969 from 383 million U.S. dollars in 1936. The acquisition of truck trailers manufacturer Highway Trailer Industries and the establishment of the computer leasing company GAC Computer Leasing Corp. are of some of its diversified portfolio.