X0203 3 2010-10-25 0 0000039677 AVATAR HOLDINGS INC AVTR 0001210982 LEIBOWITZ REUBEN S C/O JEN PARTNERS, LLC 551 MADISON AVE., STE. 300 NEW YORK NY 10022 1 0 0 0 COMMON STOCK 1050572 I JEN I, L.P. and JEN RESIDENTIAL LP The Reporting Person is the sole managing member of JEN Partners, LLC, which is the general partner of both JEN I, L.P., which directly holds 630,343 shares of Issuer's common stock, and JEN Residential LP, which directly holds 420,229 shares of Issuer's common stock. By virtue of the Reporting Person's position as sole managing member of JEN Partners, LLC, the Reporting Person may be deemed to be the beneficial owner of 1,050,572 shares of Issuer's common stock. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. /s/ JUANITA I. KERRIGAN, Attorney-in-Fact for Reuben S. Leibowitz 2010-11-03