DIVOSTA HOMES EXPANDS PRESENCE IN SARASOTA MARKET

Plans New Community in Successful Palmer Ranch

SARASOTA, Fla., May 16, 2013 /PRNewswire/ — DiVosta Homes is expanding its presence in the Sarasota market with plans to build a new active adult community, Sandhill Preserve in the prestigious Palmer Ranch community.

DiVosta recently purchased 111 lots in Palmer Ranch , located at the intersection of Central Sarasota Parkway and Honore Avenue. The purchase represents the first phase of a potential 350 lots on 125 acres from Palmer Ranch Holdings, LTD. The builder expects to open the new DiVosta community in early 2014.

“We have had a lot of success catering to the lifestyle and housing needs of both the seasonal and active Baby Boomer generation in this area with our Isles on Palmer Ranch community. We are very excited to be in a position to continue to bring the DiVosta lifestyle to Sarasota,” said Scott Mairn , vice president of sales for the South Florida operations of DiVosta.

“The timing is ideal as the Sarasota market is strengthening with housing demand outpacing supply. This will truly be a unique active adult community with its intimate size, sought-after location and physical beauty, all surrounded by fantastic recreational amenities.”

Planned amenities at the gated community of Sandhill Preserve include resort-style pool, clubhouse and fitness center. The community is expected to offer several single-story plans that range from approximately 1,500 to 2,400 sq. ft. with 2-4 bedrooms and 2-3 baths.

The community is expected to begin land development efforts by the summer with the start of sales to begin in early 2014.

For more information about Sandhill Preserve, call 877-248-7610.

About DiVosta Homes

DiVosta Homes is a national brand of PulteGroup, Inc. (NYSE: PHM). DiVosta Homes builds consumer inspired homes and communities that provide casual, resort-style living for those wanting a winter retreat or a home year round in its home state of Florida. In addition to providing the sunny Florida lifestyle, DiVosta Homes has always stood for renowned quality for over 50 years. For more information on DiVosta, visit www.divosta.com

SOURCE DiVosta Homes