- Purchases 47 Finished Lots -
- Expects to Open First Community in Second Half of 2016 -
- Promotes Todd Amberry to President of New Salt Lake City Division -
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--
Century Communities, Inc. (NYSE:CCS), a top-25 U.S. homebuilder of
single-family homes, townhomes and flats in select markets, today
announced it has launched home building operations in Salt Lake City,
Utah with the purchase of 47 well located finished lots. The Company has
promoted Todd Amberry to the role of President of its newly created Salt
Lake City division.
The Company plans to open its first community, Maple Hills, in the
second half of 2016. The Maple Hills community of 47 finished lots
located in West Jordan, a rapidly growing suburb of Salt Lake City.
Maple hills will cater to entry level and move-up buyers with homes
ranging in size from 1,600 to 2,600 square feet and home prices expected
to be in the low to mid $300,000’s.
The Salt Lake City economy has been robust with total employment now at
109% of the prior peak in 2007. The improving economy and steady
population growth have produced strong buyer demand amid very tight home
supply near two months. With over four jobs added for each single-family
permit, the Salt Lake City features a very favorable homebuilding
environment.
“We are thrilled to enter this vibrant and expanding new market,” stated
Dale Francescon, Co-Chief Executive Officer. “Salt Lake City is an
exceptional fit within our long-term multi-market growth strategy, with
its improving economy and strong demand for high quality homes. Our
newly established presence here marks another step towards further
diversifying our footprint on our scalable platform. We are excited to
open our first community and introduce our desirable homes and amenities
to the Salt Lake City market in the second half of 2016.”
Rob Francescon, Co-Chief Executive Officer, added. “Todd has proven
himself as a skilled operator with increasing levels of responsibility
at our Company. He has a deep understanding of our Company’s strategy,
operation and culture. We look forward to guiding his success in his
expanded role to significantly strengthen our emerging presence in the
very attractive Salt Lake City market.”
Mr. Amberry has significant homebuilding, real estate and land
acquisition experience. Mr. Amberry joined Century Communities in 2008
and has served in various leadership positions, including his current
role as Senior Vice President with responsibility for the management of
all the Company’s land acquisition activities across the country. Mr.
Amberry holds a B.S. degree in Finance and an MBA from the University of
Denver.
About Century Communities
Founded in 2002, Colorado-based Century Communities is a builder of
single-family homes, townhomes and flats in select major metropolitan
markets in Colorado, Texas, Nevada, and Georgia. The Company offers a
wide variety of product lines and is engaged in all aspects of
homebuilding, including the acquisition, entitlement and development of
land and the construction, marketing and sale of homes. Century
Communities is a top-25 U.S. homebuilder based on homes delivered. To
learn more about Century Communities please visit www.centurycommunities.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and, as
such, may involve known and unknown risks, uncertainties and
assumptions. Forward-looking statements may be identified by the use of
words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,”
“outlook,” and “project” and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Forward-looking statements should not be read as a
guarantee of future performance or results, and will not necessarily be
accurate indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
historical information available at the time the statements are made and
are based on management’s reasonable belief or expectations with respect
to future events, and are subject to risks and uncertainties, many of
which are beyond the Company’s control, that could cause actual
performance or results to differ materially from the belief or
expectations expressed in or suggested by the forward-looking
statements. Forward-looking statements speak only as of the date on
which they are made and the Company undertakes no obligation to update
any forward-looking statement to reflect future events, developments or
otherwise, except as may be required by applicable law. Investors are
referred to the Company’s Annual Report on Form 10-K for additional
information regarding the risks and uncertainties that may cause actual
results to differ materially from those expressed in any forward-looking
statement.
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Century Communities, Inc.
Investor Relations:
303-268-8398
[email protected]
Source: Century Communities, Inc.