community sign for province in arizonaProvince in Maricopa, AZ Acquired by Meritage Homes

Meritage Homes Corporation announced 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.

Province is comprised of 2,217 homesites. The community includes a beautiful 32,000 square-foot clubhouse that features a resort-style outdoor pool, an indoor lap pool, ballroom, fitness center, café, basketball court, outdoor amphitheater, and tennis courts. There are also over 50 acres of lakes and 125 acres of parks and greenbelts.

Meritage Homes was a logical choice for the takeover of Province. The purchase adds to a growing lineup of Meritage active adult communities in the Phoenix and Tucson areas. Meritage is currently selling to 55+ aged buyers at Mission Royale in Casa Grande, Las Campanas and Canoa Ranch in Green Valley, and Sundance in Buckeye. Meritage is renowned in the area for offering low-maintenance homes and well-designed, highly amenitized communities.

"Meritage has been actively pursuing opportunities to acquire finished lots in good sub-markets where we believe we can offer high-quality homes at very competitive prices, providing great values to our customers," said Steven J. Hilton, chairman and CEO, Meritage Homes. "We believe the acquisition of properties like Province will help us achieve our strategic and financial goals."

The news is equally exciting for current Province residents. The purchase by a reputable builder such as Meritage Homes further ensures that Province will remain a highly regarded active adult community in the Phoenix market.

"Meritage is a quality builder that will complement the homes currently in the community started by Engle," said Sandy Schoon, a local real estate agent who specializes in active adult communities. Schoon has helped numerous clients purchase at Province and Meritage's nearby community, Mission Royale. "Meritage builds an excellent product for a reasonable value with up to date floor plans."

Meritage plans to renovate the sales center and introduce new models by the end of 2009.