CalAtlantic Purchases 739 Homesites Across 9 Twin Cities Communities

MINNEAPOLIS, April 28, 2017 /PRNewswire/ -- CalAtlantic Homes, one of the nation's largest homebuilders, today announced that it has closed on a lot purchase agreement with Mattamy Homes. CalAtlantic now owns and controls 739 new homesites across 9 communities in Twin Cities.

"The Minneapolis/St. Paul market is very important to CalAtlantic and this transaction expands our footprint and supports our focus on geographic and product diversity across the market," said Mike DeVoe, Twin Cities President for CalAtlantic Homes. "In 2016, CalAtlantic was the second most active builder in Twin Cities. All of the lots being purchased are in communities that are fully developed and the terms of the purchase agreement will provide us with an ongoing pipeline for several years."

To learn more about CalAtlantic Homes and its communities, visit www.calatlantichomes.com.

About CalAtlantic Group, Inc.

CalAtlantic Group, Inc. (NYSE: CAA), one of the nation's largest and most respected homebuilders, offers well-crafted homes in thoughtfully designed communities that meet the desires of customers across the homebuilding spectrum, from entry level to luxury, in 41 Metropolitan Statistical Areas spanning 17 states. With a trusted reputation for quality craftsmanship, an outstanding customer experience and exceptional architectural design earned over its 50-year history, CalAtlantic Group, Inc. utilizes its over five decades of land acquisition, development and homebuilding expertise to acquire and build desirable communities in locations that meet the high expectations of the company's homebuyers. We invite you to learn more about us by visiting www.calatlantichomes.com.

Contact: Danielle Tocco
National Vice President, Communications
CalAtlantic Group, Inc.
Danielle.Tocco@calatl.com 
Direct Line: 949.789.1633

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SOURCE CalAtlantic Group, Inc.