Standard Pacific Corp. completed its acquisition of select homebuilding assets from Centerline Homes.
The acquisition gives the company control over 3,000 homesites and includes 30 current and future communities.
Standard Pacific did not acquire any of the Centerline affiliated land development or commercial development operations.
"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," said Scott Stowell, chief executive officer of Standard Pacific.
He concluded, "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."