Meritage Homes Corporation reported today that they have purchased Province in Maricopa, AZ. Province is a popular active adult community near Phoenix. In 2006, it was voted the Best Active Adult community in the country by the National Association of Homebuilders.
Province opened for sales in 2004 by the original developer, Engle Homes. Despite its initial success the real estate downturn proved detrimental to the Maricopa real estate market. As a result, Engle Homes filed for bankruptcy in 2008. Since then, the banks that financed the community have shopped for a buyer to complete the property.
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