WCI Communities Inc Fund Company Profile

Description

WCI Communities, Inc. operates as a lifestyle community developer and luxury homebuilder in Florida. The company operates in three segments: Homebuilding, Real Estate Services, and Amenities. The Homebuilding segment designs, builds, and sells single and multi-family homes, including luxury high-rise tower units targeting move-up, second-home, and active adult buyers. The Real Estate Services segment provides real estate brokerage, and title insurance and settlement services comprising closing and escrow services to individuals, real estate companies, and independent mortgage lenders. This segment also acts as a title agent for various national underwriters. The Amenities segment constructs, owns, and manages recreational amenities comprising championship golf courses with clubhouses, walking trails, resort style pools, marinas, movie theaters, town centers, and various restaurants, as well as fitness, spa, tennis, and recreational facilities. As of December 31, 2015, the company owned approximately 275,000 square feet of amenity space, as well as owned/leased 63,000 square feet of sales office space in Florida; and owned or controlled approximately 13,300 home sites, which included approximately 7,900 owned and 5,400 controlled. WCI Communities, Inc. was founded in 1946 and is headquartered in Bonita Springs, Florida.