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Home-builder NVR acquires assets of Heartland Homes
January 3, 2013 10:33 am
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NVR, Inc., western Pennsylvania's largest home builder, announced it has completed the purchase of substantially all of the assets of Heartland Homes, the second largest builder in the region.
Reston, Va.-based NVR, also is the parent company of Ryan Homes, will continue to market under the Heartland Homes name.
Ryan Homes primarily serves first time and first-time move-up buyers in the Pittsburgh market.
In a prepared release, the companies said Heartland's operating strategy, which includes pre-selling homes purchasing finished lots from land developers, is consistent with NVR's "asset-light" business model.
Marty Gillespie, president of Heartland Homes since 2005, will continue to manage the Heartland business.
Tim Grant: tgrant@post-gazette.com or 412-263-1591.
First Published January 3, 2013 10:33 am
First Published January 3, 2013 10:33 am
