United States

Profile: AV Homes Inc (AVHI.O)

AVHI.O on Nasdaq

19 May 2017
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AV Homes, Inc., incorporated on October 6, 1970, is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Company is also engaged in other real estate activities, such as the operation of amenities and the sale of land for third-party development. The Company's segments include Florida, Arizona and the Carolinas. The Company focuses on the development and construction of primary residential communities serving first-time and move-up buyers, including under its local Bonterra Builders and Royal Oak Homes brands, and active adult communities, which are age-restricted to the age 55 and over active adult demographic.

The Company owns approximately 5,010 developed residential lots, over 3,140 partially developed residential lots, approximately 8,650 undeveloped residential lots, and over 14,450 acres of mixed-use, commercial and industrial land. Its selling community count includes approximately 60 locations, over 30 in Florida, approximately nine in Arizona, and over 20 in the Carolinas, with additional communities in the pipeline for each area. Its count of communities with closings include approximately 60 locations, over 30 in Florida, approximately eight in Arizona, and over 20 in the Carolinas. A primary component of the Company's business is the development of active adult communities, and the construction and sale of residences within those communities. Its active adult communities include Solivita, CantaMia, Vitalia at Tradition, Encore at Eastmark and Creekside at Bethpage.

Solivita comprises approximately 10,200 lots on over 7,190 acres in Central Florida, south of the Orlando metropolitan area. Solivita offers its residents numerous activities year round through the community's Lifestyles program and approximately 148,000 square feet of recreation facilities. These facilities include approximately two fitness centers, over 10 heated swimming pools, restaurants, arts and crafts rooms, a billiard room, a cafe, and other meeting and ballroom facilities. The Company has also developed and it owns approximately two 18-hole championship golf courses. The community's activity park houses a range of sports and games facilities, including an official softball field, bocce ball courts, shuffleboard courts, pickleball courts, tennis courts, horseshoe pits, dog parks and an outdoor pavilion. Social activities at Solivita include over 200 clubs, including dragon boats, photography, travel, pickleball, softball, theatre and motorcycle riding, and Veterans affairs.

CantaMia is an approximately 1,690 lot active adult community located on over 540 acres in the Estrella Mountain Ranch master-planned community in Goodyear, Arizona, west of Phoenix. Residents have use of the 30,000-square foot recreation and lifestyle facility that has, as its focal point, an 18-acre man-made lake system. Amenities include an exercise facility, indoor/outdoor swimming pools, a demonstration kitchen, a library, a technology center, an arts/crafts studio, rooms for games and club activities, a movement studio for yoga and aerobics, and a cafe. CantaMia also has space for outdoor sporting venues, including swimming, pickleball, bocce ball, tennis and horseshoes.

Vitalia at Tradition is a 1,150 lot, 450-acre active adult community located in Port St. Lucie, Florida, between Vero Beach and West Palm Beach on Florida's east coast. Encore at Eastmark is located in the Southeast Valley of metropolitan Phoenix, in the City of Mesa, Arizona. Encore is a 310-acre master-planned community. Creekside at Bethpage is part of the Bethpage mixed-use development, which consists of residential, retail, multi-family and commercial uses. Creekside at Bethpage is a 290-acre parcel with a preliminary total of over 650 lots that is age-restricted and targets the active adult segment. Creekside has approximately four different product lines ranging from 1,200 to 4,000 square feet.

Company Address

AV Homes Inc

8601 N Scottsdale Rd Ste 225
SCOTTSDALE   AZ   85253-2727
P: +1480.2147400
F: +1302.6745266

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