Industry | Home construction |
---|---|
Predecessors | Standard Pacific Homes and Ryland Homes |
Founded | October 1, 2015 |
Defunct | February 12, 2018 |
Fate | Acquired by Lennar |
Headquarters | Arlington, Virginia |
Key people | Scott D. Stowell,
Chairman Larry T. Nicholson, CEO & President Jeff J. McCall, CFO |
Production output | 14,229 deliveries |
Revenue | $6.476 billion (2016) |
$0.484 billion (2016) | |
Total assets | $8.709 billion (2016) |
Total equity | $4.207 billion (2016) |
Number of employees | 3,055 (2016) [1] |
Footnotes / references [1] |
CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. In 2018, it was the 4th largest homebuilder in the United States by number of homes closed. [2] It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar. [3]
Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965. [4] Operations expanded to include San Diego in 1969, [5] Texas in 1978, [6] Arizona in 1998, Colorado in 2000, and Florida in 2002.
On October 1, 2015, Standard Pacific Homes and Ryland Homes merged to form CalAtlantic. [1]
In 2016, Builder Magazine named CalAtlantic its builder of the year. [7]
In June 2017, the company acquired Oakpointe, LLC and entered the Seattle market. [8] [9] [10]
In February 2018, the company was acquired by Lennar. [11] [12]