Taylor Morrison Home Corporation announced earlier today that it has acquired the operations and homebuilding assets of Acadia Homes & Neighborhoods for $85 million.

With Acadia’s excellent reputation in the Atlanta homebuilding industry and Taylor Morrison’s reputation as a leading national home builder, this acquisition will secure Taylor Morrison as a top builder in the Atlanta market.

“We’re thrilled about the acquisition of Acadia and the positive impact it will have on Taylor Morrison, solidifying our position as a top home builder in Atlanta, just months after entering the market. Acadia is a well-respected and growing home builder that has strong relationships with consumers, land sellers and the realtor community within the Atlanta market,” said Taylor Morrison President and CEO, Sheryl Palmer.

“With Acadia joining the Taylor Morrison family, we’ll be able to expand our presence in Atlanta, a market that has solid long-term fundamentals and attractive short and mid-term growth prospects,” continued Palmer. “With Acadia’s average sales price in the low $400,000s – a complement to our existing market’s mid-$200,000 average sales price –  this acquisition furthers our goal to diversify our Atlanta consumer base while at the same time staying true to our roots of providing home buyers the best in quality and customer service.”

Gregg Goldenberg, president and CEO of Acadia says that the Acadia Homes team is looking forward to joining Taylor Morrison because of the increased scale, culture of excellence and dedication they have to building such quality homes while managing to provide a great place for people to work as well.

For more information on Taylor Morrison, visit www.taylormorrison.com.

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