Profile: Taylor Morrison Home Corp (TMHC.N)
24 Nov 2015
Taylor Morrison Home Corporation (Taylor Morrison), incorporated on November 15, 2012, is a real estate development company. Its business is organized into ten homebuilding operating divisions which are aggregated into two homebuilding segments, East and West, and a mortgage and financial services segment, Mortgage Operations. These segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer service. It provides residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, and Texas. It operates under the Taylor Morrison and Darling Homes brand names in the United States. It provides financial services to customers through its wholly owned mortgage subsidiary, Taylor Morrison Home Funding, LLC (TMHF).
The Company offers a range of designs through its single-family detached and attached product lines. In addition to move-up products, the Company's portfolio also includes entry-level, luxury and 55+ products. Community development includes the acquisition and development of large-scale communities that may include planning and entitlement approvals and construction of off-site and on-site utilities and infrastructure.
In some communities, it operates as merchant builders, in which case, it acquires fully planned and entitled lots and may construct on-site improvements but normally do not construct off-site utility or infrastructure improvements. It develops, owns and operates golf courses, as well as amenity rich community centers associated with a number of its master planned communities. It also has investments in, and is participants in, a number of joint ventures with related and unrelated parties to develop land and master-planned communities. It has developed a number of home designs with features such as single-story living, split bedroom plans and first floor master bedroom suites to appeal to different design needs.
The East homebuilding segment operates in Houston (which includes a Taylor Morrison division and a Darling Homes division), Austin, Dallas, North Florida and West Florida. The West homebuilding segment operates in Phoenix, Northern California, Southern California and Denver.
TMHF provides a number of mortgage-related services to the Company's customers through its mortgage lending operations. TMHF operates as a mortgage banker and conducts its business as a Federal Housing Authority (FHA) Full Eagle lender. TMHF funds mortgage loans utilizing warehouse credit line facilities.
Taylor Morrison Home Corp
4900 N Scottsdale Rd Ste 2000
SCOTTSDALE AZ 85251-7656