CalAtlantic Homes Acquires Atlanta-Based Home South Communities
Thursday, December 14th, 2017
CalAtlantic Homes, one of the nation's largest homebuilders, announced the acquisition of homebuilding operations of Atlanta, Georgia-based Home South Communities, one of the largest privately-held homebuilders in the Atlanta metro market. As a result of the transaction, CalAtlantic now owns and controls an additional 970 homesites across 17 communities, seven of which are actively selling. The balance of the communities are expected to be actively selling in 2018. In connection with the acquisition, CalAtlantic has extended offers of employment to employees of Home South Communities who were engaged in the company's homebuilding business.
"Home South Communities is a well-respected homebuilder in the Atlanta marketplace that shares our core values and commitment to quality craftsmanship," said Casey Hill, Atlanta Division President for CalAtlantic Homes. "Adding the designs and geographic diversity of Home South Communities to CalAtlantic's already strong Atlanta presence will allow us to continue to grow our business while providing an exceptional homeownership opportunity to buyers across the homebuilding spectrum."