Bullish Twin Cities Home Builder Acquires Large Land Portfolio
02/03/2012

Centra Homes, LLC and its affiliates announces that it has closed on the purchase of approximately 350 properties from Assured Funding Trust, of Little Canada Minnesota

Online PR News – 03-February-2012 – Minneapolis Minnesota – Minneapolis, MN – Centra Homes, LLC and its affiliates announces that it has closed on the purchase of approximately 350 properties from Assured Funding Trust, of Little Canada Minnesota.

The properties are located throughout the greater Twin Cities area, including in the cities of Woodbury, Blaine, Apple Valley, Andover, Inver Grove Heights, and Cottage Grove. The properties consist of homes in the process of construction, developed lots ready for sale, and undeveloped land. While most of the properties will be for single-family homes, some of the undeveloped land is appropriate for apartment or multi-family development.

Dale Wills, President of Centra Homes, stated: “We are bullish on new residential construction in the Twin Cities. We have seen strong demand for new homes that provide great value and quality. We plan to build new homes on the majority of these properties to meet that demand.”

With this most recent acquisition, Centra Homes will be building in over 30 communities throughout Minnesota. Centra Homes provides quality new homes for all types and ranges of buyers with extraordinary value priced from the low $100’s to the high $400’s.

About Centra Homes: Centra Homes (www.centrahomes.com) began operations in the Spring of 2011 after acquiring the operations and assets of Woodside Homes of Minnesota from the parent national home builder, Woodside Homes. Woodside Homes, who at that time was the 3rd largest privately-held home builder in the nation and the 15th largest in the Twin Cities, chose to exit the Minnesota market to focus on its west coast operations.

For further information, please contact Dale Wills at 763-772-1032

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