Empire Communities Expands Market Reach with Covington Homes Partnership
Empire Communities and Covington Homes Join Forces
Empire Communities, a key player in North America’s homebuilding sector, is broadening its reach across the United States by forming a strategic partnership with Colorado Springs-based Covington Homes. This collaboration is not just about numbers; it represents a significant leap forward for Empire, as it now operates in eight dynamic markets, including established locations like Houston, Austin, San Antonio, and Atlanta, in addition to its new venture in Colorado Springs.
Strategic Growth and New Opportunities
“This new partnership is a vital component of our growth strategy,” states Dan Guizzetti, co-CEO of Empire. By joining forces with Covington Homes, which boasts a commendable 15-year history in the Colorado Springs area, Empire is positioning itself to tap into a market rich with opportunity. Andrew Guizzetti, also co-CEO, emphasizes that Covington Homes embodies a customer-centric approach, aligning perfectly with Empire’s core values and commitment to delivering high-quality homes and exceptional homebuying experiences.
Covington Homes: A Legacy of Quality
Founded by industry veterans Grace and Ron Covington, Covington Homes prides itself on owning and managing nearly 2,000 lots across 12 thriving communities, all aimed at serving first-time and move-up buyers. Their steadfast commitment to practical pricing and uncompromised quality has cultivated a strong reputation for customer satisfaction. This notion resonates with Empire, which aims to further elevate their offerings for the market’s diverse needs.
Enhancing the Homebuyer Experience
Grace and Ron Covington express optimism regarding the partnership: “Working with Empire presents an exhilarating opportunity to expand our business with a partner who is not only well-capitalized but also values our mission.” Their combined expertise promises to not only preserve the values of Covington Homes but also leverage Empire's robust infrastructure for future growth. This collaboration is set to enhance the overall homebuying experience, ensuring that customers receive not just homes, but a community where they can thrive.
Anticipating a Bright Future
As the partnership unfolds, plans are underway for a brand transition to Empire's identity in 2025, with both Grace and Ron Covington remaining at the helm in Colorado. Their intimate knowledge of the local market will be invaluable as they integrate their operations with Empire's extensive resources.
A Leader in Homebuilding
Empire Communities has established itself as a fully vertically-integrated homebuilder over the past three decades, excelling in various aspects of the homebuilding and sales process. With a diversified portfolio of developments across regions, including Texas, Georgia, and the Carolinas, Empire aims to serve a diverse clientele, particularly focusing on entry-level and move-up buyers. Since its inception, Empire has successfully delivered over 35,000 residences, aggregating close to $15 billion in sales. Their strategic land holdings include more than 25,000 future homesites, reinforcing their commitment to expanding residential opportunities.
Frequently Asked Questions
What is the significance of the partnership between Empire Communities and Covington Homes?
The partnership signifies Empire's commitment to expanding its U.S. presence and enhancing its capabilities in local markets, especially in Colorado Springs, through collaboration with a well-established homebuilder.
What markets is Empire Communities currently active in?
Empire Communities operates in several markets including Houston, Austin, San Antonio, Atlanta, Chattanooga, Charlotte, Greenville, and now Colorado Springs.
Who are the key figures at Covington Homes?
Grace and Ron Covington, the co-CEOs, are seasoned real estate professionals who have successfully built and established the company in the Colorado Springs area.
How many homes has Empire Communities built since its inception?
Empire Communities has built over 35,000 homes and condos, reflecting its significant impact on the housing market.
When is the rebranding to Empire expected to take place?
The transition to the Empire brand is set to take place in 2025, allowing for a seamless integration of operations while retaining local oversight.
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