Century Communities, Inc., a Delaware corporation (which we refer to as “we,” “us,” “our,” “CCS,” or the “Company”), is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in the States of Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We build and sell homes under our Century Communities and Wade Jurney Homes brands. Our Century Communities brand targets a wide range of buyer profiles including: first time, first and second time move up, and lifestyle homebuyers, and provides our homebuyers with the ability to personalize their homes through certain option and upgrade selections. Our Wade Jurney Homes brand solely targets first time homebuyers, sells homes through retail studios or over the internet, and provides no option or upgrade selections. Our homebuilding operations are organized into the following five reportable segments: West, Mountain, Texas, Southeast, and Wade Jurney Homes. Additionally, our indirect wholly-owned subsidiaries, Inspire Home Loans, Inc., Parkway Title, LLC, and IHL Home Insurance Agency, LLC, which provide mortgage, title and insurance services, respectively, to our home buyers have been identified as our Financial Services segment.
We have grown rapidly through the acquisitions of other homebuilders and organic entrance into new markets, as outlined below:
Copy History •Acquired LVLH in Las Vegas for $165 million •Raised $200 million through offering of senior unsecured notes. •Successfully completed IPO •Acquired Grand View Builders in Houston for $13 million •Acquired Peachtree Communities in Atlanta for $57 million •Raised $60 million through offering of senior unsecured notes •Expanded unsecured line of credit to $300 million with $100 million accordion feature •Entered the Salt Lake City market •Acquired 50% of Wade Jurney Homes for $15 million •Formed financial services companies to provide title and mortgage services. •Entered the Charlotte, NC market •Expanded unsecured line of credit to $400 million •Raised $525 million through offering of senior unsecured notes •Entered West Coast and strengthened Southeast presence through the acquisition of UCP, Inc. for $362 million, including acquired debt •Expanded in Seattle through the acquisition of Sundquist Homes for $50 million •Expanded unsecured line of credit to $590 million •Acquired remaining 50% interest in Wade Jurney Homes for $37.5 million