Mattamy Homes Continues Aggressive Expansion in Orlando

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Jun 30, 2016, 07:55 ET

Major deals position North America's largest privately owned homebuilder for long-term success in Central Florida

ORLANDO, FL, June 30, 2016 /PRNewswire/ - Mattamy Homes, North America's largest privately owned homebuilder, has made a number of major acquisitions in June that will position the company as a leading builder in Central Florida for years to come.

Mattamy is already a top 10 builder in Orlando (as measured by annual closings), with an impressive inventory of more than 5,000 lots. Over the past several weeks, the company has closed on three deals valued at nearly $35 million that add more than 1,650 lots to that total.

"We are extremely excited about the growth potential of the Orlando market, as we believe that people will continue to look to Central Florida as a place where they want to live and raise a family, own a second home or retire to," says Alex Martin, Mattamy's Orlando Division President. "Our recent acquisitions will serve those needs exceptionally well, and are yet more examples of our commitment to being a major presence in the Orlando market, and of the company's confidence in the future of housing locally."

Mattamy closed on the following properties in June of 2016:

1. Solara at Westside

This is Mattamy's first foray into the short-term rental community business, a model that is unique to Central Florida. "This is a unique project for Mattamy, and we're excited about the potential appeal to families visiting Disney World^® and other area theme parks as well as groups on golf-type weekend outings," says Alex.

More than 900 lots
Resort-style amenities
Product is expected to include attached and detached single-family homes (townhomes as well as 40' and 50' lots)
Located in the north-west corner of Osceola County (4 corners area) with close proximity to Disney World^®

2. Hawksmoor

This raw-land purchase is located within the heart of Central Florida's busiest sub-market: Horizon West. "We're really looking forward to bringing Mattamy's thoughtful community designs and rich product variety to Horizon West," says Alex.

More than 450 lots
Great proximity to SR429 and Disney World^®
Product is expected to include attached and detached single-family homes (townhomes as well as 40', 50', 60' and 90' lots)

3. The Preserve at Crown Point

Another raw land purchase, this property is located within the City of Ocoee. "This property was purchased from the City, which was a first and unique experience for us," says Alex.

More than 300 lots
Product is expected to include detached, single-family homes (45', 55' and 65' lots)
Close proximity to schools, retail outlets and the West Orange Trail
The community will be gated and will have a cabana and pool as well as passive recreation

"Mattamy has experienced a great deal of success in Orlando already, and as a relative newcomer to the market (having only launched here in 2009) we're very grateful that our thoughtful home designs and communities have been so well received," says Alex. "With these recent acquisitions we have aggressive growth plans for the future and are very much looking forward to expanding our operations."

About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with operations across the United States and Canada. Mattamy has sold more than 70,000 homes in 160 communities. In the United States, the company is represented in nine metropolitan areas – Minneapolis-St. Paul, Charlotte, Phoenix, Tucson, Jacksonville, Tampa, Sarasota, Naples and Orlando (where its US Head Office is located). Visit www.mattamyhomes.com for more information.