IRVINE, CA -- Standard Pacific Corp. has completed its acquisition of select homebuilding assets from Centerline Homes® homebuilding affiliates. The acquisition strengthens Standard Pacific's move-up position in Florida and the Carolinas, giving the Company control of approximately 3,000 homesites. The acquisition includes approximately 30 current and future communities, of which 5 are actively selling with 119 homes under contract. Scott Stowell, Standard Pacific's Chief Executive Officer, stated that, "This exciting acquisition bolsters our growth strategy by increasing our land supply, community count and our target move-up position in a number of important markets, including South and Central Florida and Charlotte, North Carolina. Centerline Homes has clearly earned its reputation as a high quality, move-up focused homebuilder with an emphasis on strong product execution and customer service which complements our existing operations while providing us with a number of communities in sought-after locations."
Standard Pacific did not acquire any of the Centerline affiliated land development or commercial development operations.
About Standard Pacific
Standard Pacific Homes has been building beautiful, high-quality homes and neighborhoods since its founding in Southern California in 1965. With a trusted reputation for quality craftsmanship, an outstanding customer experience and exceptional architectural design, the Company utilizes its decades of land acquisition, development and homebuilding expertise to successfully navigate today's complex landscape to acquire and build desirable communities in locations that meet the high expectations of the Company's targeted move-up homebuyers. Currently offering new homes in major metropolitan areas in Arizona, California, Colorado, Florida, North Carolina, South Carolina, and Texas, we invite you to learn more about us by visiting www.standardpacifichomes.com.