Maryland Gov. Larry Hogan has divested from five companies he previously held an interest in, but maintains an interest in dozens of real estate companies, according to his annual financial disclosure filing.
The Republican governor operated his real estate firm, Annapolis-based Hogan Cos., for decades before winning his first four-year term in 2014.
Since 2015, a trust has handled the governor’s business assets, while his brother, Timothy Hogan, handles the day-to-day affairs of Hogan Cos.
While Hogan is not directly involved in management decisions, he is allowed to receive updates from the trust. Once a year, the trust sends the governor a list of entities the Hogan Cos. owns so he can include it in his disclosure filing, said Mike Ricci, a Hogan spokesman.
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