Tag Archives: Steven J. Hilton

ULI Arizona Shark Tank Flyer art

ULI seeking real estate proposals for ‘Shark Tank’ event

The Urban Land Institute (ULI) Arizona District Council is seeking proposals from local real estate entrepreneurs to showcase and pitch their projects at the popular ULI Shark Tank event.  Real money and expert deal making advice is at stake for successful candidates with real estate development experience, an active and interesting deal to discuss, and the ability to make a concise and captivating presentation.

 

All proposals will be evaluated by a panel of ‘sharks’ including Steven J. Hilton, Meritage Homes Corporation; F. Francis Najafi, Pivotal Group; and Robert Sarver, Western Alliance Bancorporation.  C. Joseph Blackbourn, Everest Holdings, will be the moderator.

 

The top proposals will be selected as the feature presentations at the November 5 event held at The Phoenician Resort in Scottsdale.  Presenters will gain exposure to over 200 industry professionals, including a wide array of lenders, private investors, developers, architects, and others, providing both capital and expertise to help bring their project to fruition.

 

Deadline for Submittal:            September 30, 5 p.m.

 

Submit Proposals to:                 Carrie.Martin@ULI.org

 

Requirements:   - Biography and CV of the proposed presenter

- Summary-level outline of the investment request with project description, maps, etc.

- Cover letter expressing interest in participation in Shark Tank

- Finalists will participate in two to three planning conference calls with                                                         ULI staff and the Shark Tank event moderator

 

Benefits to Presenters:   - Constructive feedback from actual real estate icons

- A thorough vetting of all high-level project plans/assumptions

- Presentation experience and practice pitching your deal

- Immediate access to the knowledgeable ULI industry leaders

- Exposure to potential capital investors in the audience

 

More Information:              www.arizona.uli.org

Meritage Homes

Meritage Names Thrower South Region President

Meritage Homes Corporation, a leading U.S. homebuilder, announced today that the company has created a new South Region to be based in Atlanta. Initially, the region will include Meritage’s recently acquired operations in Nashville, Tennessee, and the Atlanta and Greenville-Spartanburg markets to be added with the acquisition of Legendary Communities that was announced earlier this week. This will be the fourth operating region for Meritage Homes, in addition to the existing West, Central and East regions.

James (Jay) Thrower has been hired to lead the new region as South Region President. Jay has more than 25 years of experience in the real estate and homebuilding industry, including 17 years of senior management positions with two other national homebuilders, where he was responsible for operations in Georgia and North and South Carolina.

“We are excited to have Jay join us to lead and grow our new South Region,” said Steven J. Hilton, chairman and CEO of Meritage Homes. “Jay brings a wealth of experience in this region and an impressive record of accomplishments in such areas as land acquisition and development, product design and development, sales, construction, finance, purchasing, estimating, marketing, operations, and management. He will be a valuable addition to our organization and help us continue to expand and diversify our geographic footprint.”

“Meritage is truly a leader in the homebuilding industry, and I am honored to be joining a quality organization with an opportunity to establish and grow a new region that we expect will contribute meaningfully to Meritage’s revenue and earnings growth within the next several years,” said Mr. Thrower.

Meritage Homes

Meritage Homes to Acquire Legendary Communities

Meritage Homes Corporation, a leading U.S. homebuilder, announced its definitive agreement to acquire the homebuilding assets and operations of Atlanta-based Legendary Communities for a purchase price of approximately $130 million.

Legendary is one of the largest privately-held homebuilders operating along the I-85 corridor of the Southeastern U.S. with a significant presence in the Atlanta and Greenville-Spartanburg markets, and a position in Charlotte that is expected to bolster Meritage’s current operations there. Atlanta is the second largest and fastest growing housing market in the U.S. based on single-family permits activity in 2013, and the Greenville-Spartanburg market is expected to experience growth in single-family permits of approximately 20% from 2013 to 2015. Both Atlanta and Greenville-Spartanburg will be new markets for Meritage, while Legendary’s Charlotte operations will be combined into Meritage’s existing division there.

Legendary was founded in 2009 and builds homes primarily for first and second move-up buyers with base home prices ranging from approximately $120,000 to $550,000. The company closed approximately 500 homes and generated approximately $156 million of revenue in 2013. As of June 30, 2014, Legendary owned or controlled approximately 4,000 home sites.

“This is a strategic acquisition for Meritage, expanding our southeastern operations in a meaningful way by entering into two more growing housing markets in Atlanta and Greenville-Spartanburg, while also solidifying our position in the Charlotte market,” said Steven J. Hilton, chairman and CEO of Meritage Homes. “Legendary is a good fit for Meritage due to its customer base, land acquisition strategy, and positive culture based on trust, honesty and quality construction. They have a great team of people who can help us grow our business in the Southeast, and we are pleased to have them join the Meritage team.”

“We are excited about the opportunities this represents for both Meritage and Legendary through the combination of our community locations, beautiful homes and dedicated employees,” said Bo Means, chief executive officer of Legendary Communities.

Zelman Partners LLC served as exclusive financial advisor for Legendary Communities.

homebuyers - Arizona Business Magazine May/June 2012

Veteran receives brand-new, mortgage-free home

In partnership with Operation Homefront, Meritage Homes Corporation (NYSE: MTH) is handing over keys to three new homes to deserving military heroes and their families in time for Veterans Day. Located in the Phoenix, San Antonio and Raleigh metropolitan areas, the mortgage-free, energy-efficient homes are part of Meritage’s core purpose of enriching lives by satisfying the American Dream of home ownership for thousands of families across the nation.

“Every day, the brave men and women of our Armed Forces put their lives on hold and themselves into harm’s way to protect freedom and our way of life,” said Steven J. Hilton, chairman and CEO of Meritage Homes. “We are honored to express our appreciation to these exceptional families with a token of gratitude given the enormous sacrifices they have made for our country.”

In Goodyear, Army Sergeant Richard Neider II, his wife Kerry, and their two children will be moving into the first home that they have owned as a family. The 2,278-square-foot one-story home will provide the family of four a place to grow. The home includes some ADA-friendly features such as wider doors, roll in showers, roll under sinks and lower light switches that will allow Sgt. Neider to use his wheelchair inside the house. The Neider family will receive their key at Meritage’s Del Mar at Sedella community on Nov. 4.

Army Sergeant Aaron Kumamoto was selected to receive a new 1,508-square-foot home in Converse, Texas. The new home will keep Sgt. Kumamoto, his wife Erica and son Logan close to San Antonio Military Medical Center, where Kumamoto receives his medical treatment. The Kumamoto family will receive their key at Meritage’s MacArthur Park community on Nov. 6.

Born and raised in North Carolina, Army Sergeant Jeffrey Lynch was selected to receive a 2,066-square-foot home in Cary, N.C. The home is just half an hour away from Duke University, where Sgt. Lynch receives specialized medical treatment. Lynch and his wife Christy are parents of a four-year-old daughter. The Lynch family will receive their key at Meritage’s Park at Langston community on Nov. 8.

The key ceremonies will be held at 10:30 a.m. on each of their designated days, immediately followed by a Welcome Home barbecue hosted by each community to give local residents the opportunity to honor sacrifices made by men and women of the Armed Forces.

The three homes are being awarded through Operation Homefront’s Homes on the Homefront program which selects veterans based on a number of qualifications, including need and existing ties to the community. Since its inception, the program anticipates awarding 100 homes to deserving military families around the country this year. However, this is the first time the organization has provided newly built homes where recipients will be the first owners.

“These homes will provide three of our nation’s military families with an amazing opportunity,” said Tim Farrell, chief operating officer of Operation Homefront. “Every military family has sacrificed so much through their careers, and our Homes on the Homefront program is just one of the many ways that our organization shows its support to them. These three homes are the first newly built homes that we have been able to provide to veterans, and we are thankful to change the lives of the Neider, Kumamoto, and Lynch families.”