Maracay Homes is proud to be a part of yet another great land acquisition in the metro-Phoenix area. It was announced last week that Maracay along with JEN Partners, closed on 74 homesites across 23 acres in Chandler, Ariz.
This acquisition is a good example of Maracay’s continued pursuit of land opportunities in premium locations with capital efficient transaction structures,” said Tom Lemon, VP of land acquisitions and development for Maracay Homes. “Maracay Homes is excited about the opportunity to develop a land banking relationship with a well capitalized partner that has significant local market and home building expertise.”
With new communities recently opened and four communities set to debut between now and the end of 2013, Maracay is continues our strategic expansion to offer quality new homes in the areas where people want to be.
For more, check out the full story from AZ Business Magazine.