Firm Description
WCI creates exceptional
communities with quality homes, extraordinary amenities and dedicated
staff focused on delivering an outstanding customer experience.
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IPO for WCI
Florida luxury builder WCI Communities has joined the public builder club. "Valuations [for home building stocks] were so low, and we weren't constrained for capital," says WCI president Jerry Starkey, who expects that the newly public company will see lower capital costs, improved access to financing, and higher profitability.
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WCI Reorgs N.E. Division
WCI Communities—which is a top 40 builder among the BUILDER 100 that will report almost $2 billion in revenue for 2005—must reorganize the executive management of its Northeast division after the recent departure of the division's president, Mitchell Hochberg.
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WCI Communities Announces Expiration of "Go-Shop" Period
The WCI board didn't receive better offers than Lennar's $23.50 per share price.
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