Richard S. Madaleno, Jr.

While he's been governor, Larry Hogan's real estate business has continued to thrive — prompting questions

While he's been governor, Larry Hogan's real estate business has continued to thrive — prompting questions

When Larry Hogan was running for governor, he liked to refer to himself as “just a small businessman.”

That “small” business he founded — the Annapolis-based Hogan Companies — has completed more than $2 billion in real estate deals since its founding in 1985 and has continued to thrive since Hogan took office in 2015.

While Hogan stepped aside at the company and turned his assets over to be managed by a trust, the Republican governor has continued to profit. Last week Hogan released tax returns that show he’s made about $2.4 million in corporate earnings while governor. According to a review of financial disclosure forms, his corporate holdings include stakes in commercial...

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