Homebuilder closes out 2016 with $30M in land deals

MANATEE COUNTY — Medallion Home, one of the largest privately owned homebuilders in the region, ended 2016 with a surge in land acquisitions.

The company closed on more than $30 million in land purchases in the last 10 days of the year, according to a statement. The acquisitions will expand the Manatee County-based company's inventory by at least 1,000 home sites, the release adds, with a combination of ready to build and ready to develop sites.

"We are confident in the future of residential real estate, and the Gulf Coast will continue to be a sought out location for discerning buyers throughout our country,” Medallion Home CEO Carlos Beruff says in the statement.

Medallion Home officials didn't return calls for comments today on the specific locations of the land acquisitions.