Gehan Homes, Ltd. is a privately held home building company which designs, builds, and sells new construction homes. It concentrates on single-family detached homes in just over 60 communities in Phoenix, Austin, Dallas, Fort Worth, Houston, San Antonio and surrounding communities in Texas and San Antonio since 1991. Its homes range in price from the $100,000s to over $700,000. The company owns the land that it builds on an
d provides mortgage brokerage through a majority-owned suburban mortgage. It is based in Addison, Texas with sales offices throughout the major Texas markets. On April 30, 2014, Gehan Homes, Ltd. began its partnership with Sumitomo Forestry America Inc.
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Partnerships
In May 2014, Japanese wood products and home building firm, Sumitomo Forestry America Inc., purchased a 51 percent stake in the privately held Gehan Homes. Terms of the deal were not disclosed to the public, however, the Gehan Homes founding executive team, including brothers Glenn, Peter and Tim Gehan, continued to lead and operate the company with no organizational changes from prior to the investment until 2016.
It made big changes in late April 2016 when the Dallas-based builder sold its remaining shares to Sumitomo. And in June 2016, there was yet another change, John Winniford replaced Tim Gehan as the President and CEO of Gehan Homes. Winniford has had more than 20 years of experience in the new construction home building industry. He previously served as the Division President for Gehan Homes' Dallas-Fort Worth Division.
It has also acquired an equity stake in MainVue Homes, Bloomfield Homes, and most recently in the mid-Atlantic home building staple, Dan Ryan Builders.
Growth
Gehan Homes has been in the production home building industry since 1991. Currently, it is ranked as the 29th largest home builder and the 11th largest privately-owned homebuilder in the United States with 1,499 closings and $488 million in total revenue in 2015.
Awards & Recognition
Gehan Homes has been named to the Builder Magazine Top 100 Builders in the United States for the last 8 consecutive years. They have also received the STAR award from the Texas Association of Builders for a number of categories, including; Volume Builder of the Year, Best Product Design, Best Interior Merchandising and more. The Best PRISM Award out of Houston has recognized it for having the Best Product Design, Best Website and Best Brochure. It has also been recognized by Energy Star for the Leadership in Housing award for their energy-efficient homes.
In 2015, Gehan Homes received an honor from Builder Magazine as one of the top homebuilding companies to connect with buyers and market their homes through social media. As of November 2016, it has 23,080 likes on Facebook, 6,022 followers on Twitter, 760 followers on Instagram, and 904 followers on Pinterest.
In 2017, Gehan Homes was given a "Best Customer Service" award from Houzz, the leading onilne resource for homebuilding, design & remodeling. This accolade was based on/rewarded for receiving a high volume of positive client reviews online.
Home Building
Currently, Gehan Homes offers over 65 different floor plans with options ranging from 3-7 bedrooms, 2-6 bathrooms, and 1-4 garages in one or two story homes. Floor plans start from 1800 square feet and scale up to as large as 6600 square feet.
Energy Efficient Homes
Gehan Homes has made moves to improve its building process and designing homes around energy-efficiency by incorporating smart features that lower energy expenditures. It tested 61% more energy efficient than the typical resale home in the United States on the HERS index. The Home Energy Rating System (HERS) is the accepted industry standard rating system in which a home's energy efficiency is measured. On average, the US Department of Energy has determined that a typical resale home's HERS score is 130, a typical new home is 100 and a new construction home built by Gehan Homes receives, on average, a score of 69. Gehan Homeowners can expect to have an estimated annual savings of $1080, an estimated $90 per month with a 47% reduction in energy usage.
In December 2011, the San Antonio Division of Gehan Homes was recognized by the U.S. Environmental Protection Agency (EPA) with the 2011 Energy Star Leadership in Housing Award. The award recognizes the contribution that Gehan Homes has made by building more than 206 Energy Star qualified homes, saving more than $92,000 in utility bills each year.
Every Gehan home includes more than 17 smart features designed to conserve energy and reduce excess usage. Some of the features of these energy efficient homes in Texas include:
- Radiant Barrier Roof Decking
- Blown-In Attic Insulation
- Honeywell® Programmable Thermostat
- Energy-Efficient Windows with Low E3 Glazing
- Energy Star Rated or Qualified Dishwasher
- 50-Gallon Energy-Efficient Water Heater
- Lennox® 14-SEER Cooling/Heating System
- Attic Air Flow Ventilation
- Water-Conserving Fixtures
- Tightly Sealed Air Ducts
- Low VOC Products in Paint, Woodwork and Carpet
- Manufactured Wood Components
Notable Projects
Moving Beyond Its Comfort Zone
Since 1991, Gehan Homes has built exclusively in Texas until in 2013, it decided to expand into the greater Phoenix area where it has purchased land in three suburbs: Peoria, Surprise, and Gilbert. It was attracted to Phoenix as a job-creating center, and the fact that it's housing market was finally recovering from the crash of 2008. To introduce itself to the new market, it hired BSB Design to come up with new home designs and floor plans for the market. It purchased over 180 developed and undeveloped, residential lots between each of the Phoenix suburbs.
Arbors at Willow Bay - Dallas
"Willow Bay" will join 21 other new "home communities" offered by Gehan Homes in the North Texas market. Following a complete buyout from Sumitomo Forestry and a change in CEO, Gehan Homes purchased the last 58 residential lots in the coveted "Arbors at Willow Bay". The land was developed by Hillwood Communities and located in the sought after East Frisco submarket. The execution of this transaction was a sign of commitment to growth from ownership and their first act in plans to expand its new home construction in Dallas, as well as in its other top markets throughout Texas and in Arizona.
Gateway Parks - Dallas
Gehan Homes, along with two other builders, David Weekley Homes and Horizon Homes, were named as the first 3 builders to begin phase 1 of the Dallas-Area master-planned community, Gateway Parks. The companies are responsible for 439 of the planned 1,800 single-family homes in the 2,000-acre master-planned community. Gateway Holdings' $1 billion development is the latest in the line of MPCs under development across the country, particularly in Texas. Data has pointed to an uptick in the homebuilding industry in Texas, says a recent analysis of the Bureau of Labor Statistics data from ABODO.
Lago Mar - Texas City, Houston
Land Tejas, a Houston-based development company has acted on schedule for the new master-planned community, Lago Mar, in Texas City. Gehan Homes, along with D.R. Horton and Westin Homes will be working with 5 other homebuilders to develop the first homes. The community will include around 4,000 homes that will be spread throughout the 3,350-acre area. Lago Mar is set to open Fall 2016.
Gray Point Homes - Texas
Gehan Homes will be jumping on an increasingly crowded bandwagon of builders who will be rolling out sub-branded, newly engineered floor plans and elevations to meet the burgeoning tide of demand from entry-level buyers, especially from the slow-to-market young adult mega-segment. The Gray Point Homes line will maintain a separately hatched web presence and marketing/positioning plan in hopes to reach an untapped market of millenial, entry-level homebuyers.
Gray Point Homes is introducing new communities across Texas, offering 14 floor plans and 42 elevations. The brand will launch in its first new home community in Houston at Balmoral, a 580-acre Land Tejas development, just off North Sam Houston Parkway and Woodland Hills Drive. Mostyn Springs, located in Magnolia, TX will soon follow. Gray Point will operate in all four Texas markets with another 18 communities scheduled to open over the next year.
Source of the article : Wikipedia
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