MINNEAPOLIS, April 28, 2017 /PRNewswire/ -- CalAtlantic Homes,
one of the nation's largest homebuilders, today announced that it
has closed on a lot purchase agreement with Mattamy Homes.
CalAtlantic now owns and controls 739 new homesites across 9
communities in Twin Cities.
"The Minneapolis/St. Paul
market is very important to CalAtlantic and this transaction
expands our footprint and supports our focus on geographic and
product diversity across the market," said Mike DeVoe, Twin Cities President for
CalAtlantic Homes. "In 2016, CalAtlantic was the second most active
builder in Twin Cities. All of the
lots being purchased are in communities that are fully developed
and the terms of the purchase agreement will provide us with an
ongoing pipeline for several years."
To learn more about CalAtlantic Homes and its communities, visit
www.calatlantichomes.com.
About CalAtlantic Group, Inc.
CalAtlantic Group, Inc. (NYSE: CAA), one of the nation's largest
and most respected homebuilders, offers well-crafted homes in
thoughtfully designed communities that meet the desires of
customers across the homebuilding spectrum, from entry level to
luxury, in 41 Metropolitan Statistical Areas spanning 17
states. With a trusted reputation for quality craftsmanship,
an outstanding customer experience and exceptional architectural
design earned over its 50-year history, CalAtlantic Group, Inc.
utilizes its over five decades of land acquisition, development and
homebuilding expertise to acquire and build desirable communities
in locations that meet the high expectations of the company's
homebuyers. We invite you to learn more about us by
visiting www.calatlantichomes.com.
Contact: Danielle
Tocco
National Vice President,
Communications
CalAtlantic Group,
Inc.
Danielle.Tocco@calatl.com
Direct Line: 949.789.1633
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SOURCE CalAtlantic Group, Inc.