| CalAtlantic Group, Inc. | |
| Industry: | Home construction |
| Fate: | Acquired by Lennar |
| Predecessors: | Standard Pacific Homes and Ryland Homes |
| Hq Location: | Arlington, Virginia |
| Production: | 14,229 deliveries |
| Revenue: | $6.476 billion (2016) |
| Net Income: | $0.484 billion (2016) |
| Assets: | $8.709 billion (2016) |
| Equity: | $4.207 billion (2016) |
| Num Employees: | 3,055 (2016) |
| Footnotes: | [1] |
CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. In 2018, it was the 4th largest homebuilder in the United States by number of homes closed.[2] It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar.[3]
Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965.[4] Operations expanded to include San Diego in 1969,[5] Texas in 1978,[6] Arizona in 1998, Colorado in 2000, and Florida in 2002.
On October 1, 2015, Standard Pacific Homes and Ryland Homes merged to form CalAtlantic.[1]
In 2016, Builder Magazine named CalAtlantic its builder of the year.[7]
In June 2017, the company acquired Oakpointe, LLC and entered the Seattle market.[8] [9] [10]
In February 2018, the company was acquired by Lennar.[11] [12]