This was an opportunistic purchase for Century Communities, comprised of 3 excellent communities in the Denver market
Greenwood Village, CO (PRWEB) May 03, 2013
In a move to strengthen its growing position in the Colorado new home marketplace, Century Communities, a locally-owned and operated new home builder, has announced its purchase of the remaining land assets available at Pulte Homes and Centex communities in the Denver-Metro area. This purchase includes the well-known communities of Southshore in Aurora, Harvest Meadows in Commerce City and Ash Meadows in Thornton.
“This was an opportunistic purchase for Century Communities, comprised of a 3 excellent communities in the Denver market,” said Todd Amberry, VP of Acquisitions for Century Communities. Having survived and thrived during the lengthy recession, Century Communities has developed a reputation for making the right moves at the right time. “This acquisition further bolsters our aggressive growth strategy to put us in a strong position for continued growth,” Amberry added.
Improvements in the Denver metro housing market undoubtedly contributed to the timing of the acquisition. Ken Rabel, Century Communities’ Executive Vice President of Operations offered, “Century Communities is growing rapidly to meet increasing demand for new homes in Colorado. We are fortunate to have attractive locations and great future opportunities to meet such a demand,” adding, “As a company, we are focused on acquiring only the quality locations that showcase and deliver our highly desirable product.”
In a market where buildable land has become more and more scarce, acquiring assets like these provides a way for a growing builder like Century Communities to reduce the process and length of time usually required to ready a piece of ground for building new homes. By acquiring these available land assets, Century Communities will be able to quickly bring new opportunities to market to accommodate surging buyer demand. With the acquisition of Southshore, Harvest Meadows and Ash Meadows, the homebuilder has added three strategically located communities to its Denver metro offerings.
ABOUT CENTURY COMMUNITIES:
While setting a standard by which all other builders are judged, Century Communities has become one of Colorado’s fastest growing homebuilders, a Top 5 Colorado builder and Top 100 National builder; helping homebuyers all along the Front Range achieve the Colorado Dream of new home ownership.
Century Communities is a Colorado based company and a leading builder of upscale single-family homes, townhomes and flats, building in 15 beautiful neighborhoods in the most sought after locations, with communities in the Denver-Metro and Colorado Springs areas. For more information on community locations and floor plan details, please visit http://www.centurycommunities.com.