Century Communities Starts New Homebuilding Division in Salt Lake City, Utah
- Purchases 47 Finished Lots -
- Expects to Open First Community in Second Half of 2016 -
- Promotes Todd Amberry to President of New Salt Lake City Division -
Century Communities, Inc. (NYSE:CCS), a top-25 U.S. homebuilder of single-family homes, townhomes and flats in select markets,
today announced it has launched home building operations in Salt Lake City, Utah with the purchase of 47 well located finished
lots. The Company has promoted Todd Amberry to the role of President of its newly created Salt Lake City division.
The Company plans to open its first community, Maple Hills, in the second half of 2016. The Maple Hills community of 47 finished
lots located in West Jordan, a rapidly growing suburb of Salt Lake City. Maple hills will cater to entry level and move-up buyers
with homes ranging in size from 1,600 to 2,600 square feet and home prices expected to be in the low to mid $300,000’s.
The Salt Lake City economy has been robust with total employment now at 109% of the prior peak in 2007. The improving economy
and steady population growth have produced strong buyer demand amid very tight home supply near two months. With over four jobs
added for each single-family permit, the Salt Lake City features a very favorable homebuilding environment.
“We are thrilled to enter this vibrant and expanding new market,” stated Dale Francescon, Co-Chief Executive Officer. “Salt Lake
City is an exceptional fit within our long-term multi-market growth strategy, with its improving economy and strong demand for high
quality homes. Our newly established presence here marks another step towards further diversifying our footprint on our scalable
platform. We are excited to open our first community and introduce our desirable homes and amenities to the Salt Lake City market
in the second half of 2016.”
Rob Francescon, Co-Chief Executive Officer, added. “Todd has proven himself as a skilled operator with increasing levels of
responsibility at our Company. He has a deep understanding of our Company’s strategy, operation and culture. We look forward to
guiding his success in his expanded role to significantly strengthen our emerging presence in the very attractive Salt Lake City
market.”
Mr. Amberry has significant homebuilding, real estate and land acquisition experience. Mr. Amberry joined Century Communities in
2008 and has served in various leadership positions, including his current role as Senior Vice President with responsibility for
the management of all the Company’s land acquisition activities across the country. Mr. Amberry holds a B.S. degree in Finance and
an MBA from the University of Denver.
About Century Communities
Founded in 2002, Colorado-based Century Communities is a builder of single-family homes, townhomes and flats in select major
metropolitan markets in Colorado, Texas, Nevada, and Georgia. The Company offers a wide variety of product lines and is engaged in
all aspects of homebuilding, including the acquisition, entitlement and development of land and the construction, marketing and
sale of homes. Century Communities is a top-25 U.S. homebuilder based on homes delivered. To learn more about Century Communities
please visit www.centurycommunities.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks,
uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future
performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results
will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and
are based on management’s reasonable belief or expectations with respect to future events, and are subject to risks and
uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially
from the belief or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements speak only
as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect
future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s
Annual Report on Form 10-K for additional information regarding the risks and uncertainties that may cause actual results to differ
materially from those expressed in any forward-looking statement.
Century Communities, Inc.
Investor Relations:
303-268-8398
InvestorRelations@CenturyCommunities.com
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