The first two phases of Amavi Coddle Creek in North Carolina will be comprised of 169 townhomes and 70 duets.
The joint venture acquired its first three communities in the fourth quarter.
The Sun Belt portfolio of single-family homes and townhomes is expected to be delivered by the end of 2022.
Founder and CEO of Johnson Development Corp., Johnson was a master plan pioneer.
The median sales price of new homes sold last month was $416,900.
