SouthStar Communities, a residential real estate development company with master-planned properties throughout Texas, North Carolina, Georgia and Florida, reported solid growth in 2012 and expects to continue the trend in 2013.
In May of 2012, SouthStar Communities acquired Bluegreen Communities, a division of Bluegreen Corporation, for $29 million. The acquisition resulted in several additions to SouthStar’s portfolio of community developments, including Vintage Oaks and Havenwood in New Braunfels, Texas; King Oaks near College Station, Texas; Lake Ridge and Sugar Tree in Dallas-Fort Worth, Texas; Sanctuary Cove at St. Andrews Sound, Georgia; and Chapel Ridge near Chapel Hill, North Carolina.
“This year’s housing market is promising,” said Thad Rutherford, senior vice president of SouthStar Communities. “Sales and activity picked up in 2012 and we believe they will continue across the board in each of our communities.”
To read the full article please go to SouthStar Blog.