Wednesday, October 17, 2012

Mattamy Homes purchases remaining Randal Park land for $18 million

WINTER PARK, FL /PRNewswire/ - In a major signal of optimism about the future of the Orlando housing market, Mattamy Homes has purchased 100 percent of the remaining land in the sought-after Randal Park community. 

The deal, valued at $18 million, closed on Friday
October 12, 2012, and is one of the most significant land purchases in Orlando in recent years.

Steve Parker
Mattamy has purchased all 560 of the remaining lots for sale, giving the
company a controlling interest in the community. The current approved
land plan for Randal Park is for 760 lots.

When the Randal Park purchase is combined with the company's purchase
earlier this year in Millennia Park, it brings Mattamy's recent
commitment to the Orlando market to $30 million - a level unlike any
other builder, says Steve Parker, President of Mattamy's US Group.

"With the way the housing market has started to improve, we see the
demographic projections in Orlando making it one of the strongest
markets in the state of Florida, in regards to employment and
population growth," says Parker.

 "Our Randal Park investment will provide Mattamy with the inventory that's needed to handle the demand we feel is going to occur as the market continues to improve."

Mattamy Homes is Canada's largest new home builder, with operations across Canada and the United States. Mattamy has built more than 50,000 homes in 150 communities, and counting. 

In Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa and Calgary, while in the United States, the company is represented in five
metropolitan areas: Minneapolis, Charlotte, Phoenix, Jacksonville and

For a complete copy of the company’s news release, please contact:

 Brent Carey
Director, Communications
Mattamy Homes Limited


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