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CalAtlantic Homes purchases 149 lots in Seattle community

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CalAtlantic Homes purchases 149 lots in Seattle community

Oakpointe Communities and Presidio Residential Capital off-loaded 149 lots in the community of Maple Hills, in a Seattle suburb, to CalAtlantic Homes for an unidentified amount.

CalAtlantic purchased all the homebuilding operations of Seattle-based developer and homebuilder Oakpointe LLC in June, marking the company's entrance to the Seattle housing market.

The company now has over 1,750 home sites and seven of its new communities are anticipated to be actively selling by February 2018.