Dunhill Homes on Monday said it had launched homebuilding operations throughout the greater Las Vegas Valley by assuming management of assets formerly owned by Rhodes Homes.
As of April 1, Dunhill Homes began building in the Rhodes Ranch and Tuscany master-planned golf-course communities. It also said it was managing several commercial parcels in southwest Las Vegas.
Dunhill Homes was selected to manage and develop the Las Vegas assets by a lender syndicate group that held the first lien on the assets pursuant to a Plan of Restructuring approved by Judge Linda Riegle in the United States Bankruptcy Court, District of Nevada. At build-out, these assets are expected to include more than 2,300 residential units, 200 of which Dunhill Homes anticipates closing in 2010. Rhodes Homes filed for Chapter 11 bankruptcy protection on March 31 of last year.
Dunhill Homes' chairman is Richard Dix, former Mountain West Area president for Pulte Homes based in Las Vegas. Dunhill's operations in Las Vegas will be led by division president Don Boettcher, a homebuilding industry veteran of more than 25 years, most recently for the Pulte Las Vegas division. Kevin Corbett, formerly with Centex and Engle Homes, will serve as vp/finance.
"Rhodes Ranch and Tuscany are exceptional communities in outstanding locations," said Boettcher. "They are excellent examples of the high quality projects Dunhill Homes will continue to offer in the Las Vegas Valley as we pursue growth opportunities over the next few years."
Based in Dallas, Dunhill Homes (www.dunhillhomes.com) is active in Las Vegas, Houston and Dallas. Dunhill Homes is a subsidiary of Winchester Carlisle Companies, a real estate-related holding company.
Learn more about markets featured in this article: Las Vegas, NV.