St. Charles Reports 202 New Home Lot Sales; $9.2 in Commcl. Sales and Expands Homebuilders w/ Addition of D.R. Horton

Wed, 2017-02-08 16:08 kwidmayer

The St. Charles Companies reported 202 new home lot sales for 2016, the fifth year in a row in which more than 200 lots were sold in the 9,200-acre community near Waldorf, MD. In 2016, St. Charles also sold more than $9.2 million in commercial office property as demand for business locations continues to grow.  The company has also announced that national homebuilder D.R. Horton will join the St. Charles roster of single family builders in 2017.  D.R. Horton will build five different designs that offer a variety of flexibility to the consumer. D.R. Horton will also be introducing three new plans which are designed to appeal to today’s families and their broad range of needs.  The Tuscany will be featured as their model, which they plan to start soon for a late spring Grand Opening.  Please visit their website for more information: http://www.drhorton.com/Maryland/Maryland/White-Plains/Gleneagle-at-St-Charles

“We are excited to add the strength of D.R. Horton, America’s largest homebuilder, to St. Charles,” said St. Charles Companies President, Matthew M. Martin. “Their commitment to quality and value makes them an ideal addition to St. Charles.”

“We are thrilled to have the opportunity to build in St. Charles – the best-selling new home community in Southern Maryland,” said Tom Thomas, Division President for D.R. Horton’s Capital division. “D.R. Horton in St. Charles will offer homebuyers move-in ready homes as well as homes with a breadth of finishes. We are excited that the Tuscany and Covington models will be offered here as they have been highly successful for us in other communities in Charles County as well as in other markets.”

St. Charles continues to be the top-selling new home community in Southern Maryland, with new townhomes and single family homes priced to appeal to families throughout the Washington, DC metropolitan area. St. Charles is just 11 miles south of the Capital Beltway, offers easy access to the area’s transportation corridors, and is close to Southern Maryland’s military bases and the transformational destination, National Harbor.

St. Charles High School, which offers unique educational opportunities to students and the community alike, continues to attract home buyers to St. Charles, as discussed in a 2015 Washington Post article. Built on a 100-acre site donated by The St. Charles Companies, the new school includes programs on environmental and natural resource management, technology, and current issues related to these fields of study, as well as cutting edge learning experiences such as a digital classroom and “Science on a Sphere.” This feature, co-developed by NASA, provides students with visual instruction about science, the Earth and the environment.

Commercial real estate data firm, John Burns Real Estate Consulting, has consistently ranked St. Charles in the top 50 of their independent list of Top Selling Master Planned Communities, noting that “... The good schools, family-oriented amenities, slower pace of life, and affordable prices at St. Charles make this community an ideal place to raise a family, while still being accessible from the Washington metro area. Along with these location and product attributes, we recognize the St. Charles development team for its outstanding execution and strong reputation in the Washington region.”

St. Charles, MD is the best-selling new home community in Southern Maryland and is considered one of the most successful master planned communities in the Country. Over the past few years, St. Charles has been featured multiple times in The Washington Post and was profiled alongside the Washington area’s top master planned communities in The Washington Times (Master-Planned Towns, Age 50, Innovative Still). St. Charles has achieved record-level sales in recent years as buyers and renters recognize the advantages of a mixed-use community with unique features such as the Regency Furniture Stadium, the new West Waldorf library, and the new St. Charles High School. Named by CNN’s Money Magazine as one of the top twenty small cities to live in America, St. Charles is known for its diverse and abundant neighborhoods, lively retail centers, recreational opportunities and excellent schools.  St. Charles appeals to all ages and lifestyles and was named by U.S. News and World Report as one of the nation’s top bargains for places to retire.  St. Charles invites you to like us on Facebook at St. Charles MD or visit us at www.stcharlesmd.com.

The St. Charles Companies includes American Community Properties Trust, The Apartments of St. Charles, American Land Development and St. Charles Community, LLC. The St. Charles Companies’ lines of business include the residential and commercial development of St. Charles, a 9,200-acre planned community in Charles County, Maryland and the ownership of an operating apartment portfolio of approximately 2,500 units in St. Charles. 

Federal Capital Partners® (FCP) acquired The St. Charles Companies in December 2009. FCP is a privately held real estate investment company that has invested in or financed more than $5.0 billion in assets since its founding in 1999. FCP invests in all asset classes and provides equity, preferred equity and structured debt investments for commercial and residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its third investment fund, a recently closed commingled, discretionary fund targeted at real estate markets in the Eastern United States. For further information on FCP, please visit www.fcpdc.com.

D.R. Horton
Founded in 1978 in Fort Worth, Texas, D.R. Horton has operations in 78 markets in 26 states in the East, Midwest, Southeast, South Central, Southwest and West regions of the United States. D.R. Horton has been the largest builder in the United States by volume for fifteen consecutive years. For over 35 years, D.R. Horton has consistently delivered top-quality new homes to homebuyers across the nation. The livable floor plans, energy-efficient features and robust new home warranty demonstrate our commitment to excellence in construction. D.R. Horton exhibits leadership in residential development through design innovation, superior craftsmanship, and responsiveness to the needs of its customers. The simple vision that began over 35 years ago represents years of value and security when you choose America's Builder to make your dreams come true. For more information, visit their website at http://www.drhorton.com/Maryland/Maryland. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. Square footage dimensions are approximate. D.R. Horton is an equal housing opportunity builder.