IRVINE, CA-Standard Pacific Corp. has completed its acquisition of select homebuilding assets from Centerline Homes homebuilding affiliates. The acquisition strengthens Standard Pacific's move-up position in Florida and the Carolinas, giving the company control of approximately 3,000 homesites.
The acquisition includes approximately 30 current and future communities, of which five are actively selling with 119 homes under contract.,
"This exciting acquisition bolsters our growth strategy by increasing our land supply, community count and our target move-up position in a number of important markets, including South and Central Florida and Charlotte, North Carolina,” said Scott Stowell, Standard Pacific's CEO. “Centerline Homes has clearly earned its reputation as a high quality, move-up focused homebuilder with an emphasis on strong product execution and customer service which complements our existing operations while providing us with a number of communities in sought-after locations."
Standard Pacific did not acquire any of the Centerline affiliated land development or commercial development operations.
Standard Pacific Homes has built beautiful, high-quality homes and neighborhoods since its founding in Southern California in 1965. It currently offers new homes in major metropolitan areas in Arizona, California, Colorado, Florida, North Carolina, South Carolina, and Texas.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.