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Honor Cottage open for veterans

BY HBSDealer Staff

The Folds of Honor Foundation and home transition services provider CORT recently debuted the first Honor Cottage retreat house.  

Located on a wooded hillside on the shore of Skiatook Lake in Sperry, Okla., the Honor Cottage is dedicated to military families of injured or fallen soldiers to rest and relax away from the challenges of everyday life. As the exclusive furniture provider of the foundation, CORT donated furniture, accessories and housewares to complete the cottage.
 
“For more than 40 years, CORT has been committed to supporting and honoring military personnel and their families through various channels in appreciation for their tremendous sacrifices for our country,” said Lisa Woodworth, vice president of marketing for CORT.  “The cottage includes a fully furnished living room, kitchen, dining area and multiple bedrooms to accommodate all members of the family, perfect for a weekend getaway. We’re excited for military families to visit and relax with loved ones in a place of comfort, peace and healing, away from the stresses they regularly endure.”
 
Founded by Major Dan Rooney in 2007, the Folds of Honor Foundation provides educational scholarships to dependents and spouses of military service men and women killed or disabled while serving our nation. In addition to providing product donations, CORT also provides monetary support to the foundation and is currently executing a variety of special fundraising activities in its rental and retail showrooms across the country.
 
One of the fundraising activities launched by CORT this year is a texting campaign that allows customers to donate to the Folds of Honor Foundation from the convenience of their mobile phones. Customers can simply text “CORT” to 27722 and donate $10 to Folds of Honor. Customers can text a donation from now until December 31, 2013.
 
"Our military families have given so much so that we can enjoy the freedoms we have today," said Major Dan Rooney, founder of Folds of Honor. "Thanks to the support of companies like CORT, we are able to provide at least a respite from everyday life so these families can enjoy time together at the Honor Cottage." 

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Meritage Homes acquires Phillips Builders in Nashville

BY HBSDealer Staff

Scottsdale, Ariz.-based Meritage Homes is entering the Nashville market via its acquisition of Phillips Builders in Tennessee.

The acquisition includes roughly 500 lots, with 150-200 homes expected to close in 2014. Phillips will retain its brand name and management structure, with Jason and Charlie Phillips remaining at the helm of the company.

"The acquisition of Phillips Builders provides Meritage with a successful operation, respected management team and valuable asset position in the strong and growing Nashville market," said Steven J. Hilton, chairman and CEO of Meritage Homes. "This is our fourth expansion market in the last two years and is consistent with our strategy to enlarge our Southeast Region. We are excited about the additional opportunities for growth that it presents for Meritage."

Phillips has a stable of 20,000 homes built in Nashville since 1952, typically ranging in price from $175,000 to $425,000.

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Bryce Blair joins board at Invitation Homes

BY HBSDealer Staff

Bryce Blair, currently a Senior Advisor to McKinsey & Company and a boardmember at Pulte Homes, will be joining the board at Invitation Homes, the portfolio company of Blackstone Real Estate.

“Bryce’s background building a leading company in the multi-family space, and depth of operational experience will be tremendously helpful as we develop our platform and grow Invitation Homes into a market leader," said Invitation Homes chairman and CEO Nick Gould.

Previously, Blair served AvalonBay Communities for 20 years as chairman of the board and CEO, among other roles. During his time there, he oversaw construction and acquisitions.

“I am looking forward to working with Invitation Homes and Blackstone, as they innovate in the single-family rental space," said Blair. "The company is off to a great start and I see the potential to really help the company execute on its growth plans.”

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