MORE IN CATEGORY
ADVERTISEMENT
Today, Clayton Homes' Clayton Properties Group acquires Indianapolis home builder Arbor Homes. With the addition of Arbor Homes, Clayton anticipates building more than 4,000 site built homes in 2018.
Arbor president Curtis Rector says that it was "immediately apparent," upon meeting with Clayton that the two companies, "share similar values." Clayton Properties Group emphasizes simplicity in its business model, "partner with world-class companies in strong growth markets that share the same goals in their culture, innovation, and commitment to customer and team member experience." Arbor Homes closed on 998 homes in 2017, up 15 percent year-over-year, and is on pace to close on roughly 1,200 homes in 2018. The builder is now the seventh acquisition for Clayton Properties Group, and the second so far in 2018.
Clayton Home Building Group president, Keith Holdbrooks, says of Arbor, "We immediately recognized their level of expertise and commitment to building high-quality, affordable housing. With a current average home sales price of $199,000, Arbor Homes fits a niche price point between our off-site and on-site builders—we're excited about the potential opportunities to shape the future of affordable housing." Clayton’s site built markets now include Indiana, Alabama, Colorado, Georgia, Kansas, Missouri, Tennessee, Texas, and Utah.
Founded in 1994 by President Curtis Rector, Arbor takes pride in being the largest locally-owned and operated home builder in Indianapolis, known for their high-quality, entry-level homes. In 2004, Arbor founded its sister company, Silverthorne Homes, to offer a luxurious, custom-built home line with high-end features as an alternative option for home buyers. Arbor and Silverthorne Homes have built over 13,000 homes in 36 communities, combined, in the greater Indianapolis area.
