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Deals & Dealmakers

Taylor Morrison Completes Largest Land Acquisition to Date in Lake Las Vegas Master Plan

The Las Vegas division of the nation’s fifth-largest homebuilder, Taylor Morrison Home Corporation (NYSE: TMHC), along with Värde Partners, a leading global alternative investment firm, has closed on its largest land acquisition to date, acquiring a third large residential parcel in the breathtaking Lake Las Vegas master plan. This land acquisition increases Taylor Morrison’s footprint in Lake Las Vegas to more than 400 homesites, having closed on two other parcels in October and November of 2021. These three communities will offer new homes designed to attract buyers who desire an adventurous desert lifestyle and stunning lake views.

“This monumental land acquisition for Taylor Morrison’s Las Vegas division will offer many consumers the unique opportunity to live in the peaceful surroundings of Lake Las Vegas,” said Las Vegas Division President James Gomez. “Las Vegas is experiencing tremendous growth through new job opportunities and the enchanting allure of desert living. As we navigate through this critical period, we remain committed to building high-quality housing options that complement the area’s breathtaking geography and lifestyle.”

Taylor Morrison’s three communities, Portofino, Marbella and Verona, will offer a variety of housing options including affordable and luxury product types that range from approximately 1,850 to 3,500 square-feet, perfect for move up buyers, empty nesters or retirees looking to settle in a one-of-a-kind lifestyle community. Marbella will offer over 30 lots with single-story homes overlooking the stunning golf course, expanding Taylor Morrison’s single-story neighborhood footprint to a premier location in the valley. Verona will add over 100 lots to Lake Las Vegas with two-story product featuring first floor bedroom options. Portofino will add more than 270 homes to the community, and will boast some of the best views in all of Las Vegas.

Future residents will be able to immerse themselves in the resort-style community of Lake Las Vegas and take advantage of two golf courses, downtown shopping, walking trails, lake activities and beautiful vistas all from their doorsteps. Residents of Lake Las Vegas energize the neighborhood by contributing to a constant hum of activity, by visiting nearby fitness centers, participating in a myriad of outdoor activities and enjoying the local restaurant and shopping scene.

Most homes will feature single-story living, high-quality kitchen appliances, high ceilings, striking interior and exterior design touches, and three-car garages. Buyers will also have the option to create the home of their dreams through Taylor Morrison’s design studio and Canvas, an innovative design program which gives buyers the opportunity to select from curated design collections.

Development of Portofino began in April. The community will be built out over several years.

Sales for Portofino, Marbella and Verona will commence later this year. Available lots and home features will be listed on Taylor Morrison’s website at TaylorMorrison.com. For questions about Portofino, please call 702-213-9424.

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