Landeavor Purchases Second Community in Atlanta

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Annie Kilby, Senior Vice President Marketing kilby@landeavor.com
(813) 961-7275 x304

LANDEAVOR PURCHASES SECOND COMMUNITY IN ATLANTA

Developer to relaunch and invigorate Great Sky in Canton

Roswell, GA (May 16, 2017) – Landeavor, LLC, announces the purchase of Great Sky, a 476-acre, masterplan community located in Canton, GA, just minutes from I-575. The purchase marks the eleventh acquisition for the residential development company and the second in Atlanta in the past eight months. “Great Sky fit all of our parameters for our second investment in the Atlanta market,” states Mr David Frame, Managing Principal of Landeavor. “The community is in a rapidly emerging growth corridor, easy access to north-south transportation and new and modern services are nearby, including a new Northside Hospital.”

Great Sky is a partially-developed community, with approximately 450 occupied home. Landeavor’s purchase includes vacant developed lots, developed and undeveloped parcels and the community’s HOA amenity and common space.

“The Atlanta housing and job metrics remain solid and support our desire to continue to grow our portfolio in the market,” continues Mr Frame. “We want to expand in the Southeast and Texas and feel there is strong upside and investment potential right here in Atlanta.”

Landeavor intends to expand the housing available within the community by adding additional builders and housing products. “Our first priority will be to expand our builder mix to diversify the pricing and products offered. We’ve had several positive discussions with builders and are confident we will settle on a deal quickly.”

Great Sky borders the Hickory Log Creek Reservoir, a 411-acre reservoir formed by the damming of Hickory Creek in 2007. A large percentage the reservoir’s 15 miles of shoreline are within the Great Sky. In addition to expanding the housing product, Landeavor intends to plan and develop the remaining residential and commercial parcels.

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About Landeavor:
Landeavor, LLC is a residential real estate development company with offices in Atlanta, Charlotte, Houston, Raleigh, NC, and Tampa. The company specializes in the development of residential communities as principal developers or through Joint Ventures. Through Landeavor’s distinct capital alliances, Landeavor is uniquely positioned to invest in or develop a variety of planned communities in any stage of development. Landeavor’s ownership comprises 11 communities across the Southeast and Texas, including MillBridge, recently named Charlotte’s 2017 Community of the Year. For more information, visit: www.landeavor.com.

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