Acquisition and Development Philosophy
Arcadia is committed to developing high-quality communities, which provide good value and a strong sense of place for our residents. We believe that our communities have a long-term impact on their surroundings and we strive to create distinctive and secure neighborhoods, which are responsive to the lifestyles and preferences of our customer. We pay close attention to the impact of our designs on the environment and strive to follow LEED standards for our communities and buildings. Additionally, because we understand the economic realities people face when purchasing a home, we pay close attention to the cost-benefit of our design decisions.
Arcadia is a market-driven company.
At the outset of each venture, we invest significant time performing market research to determine the profile of our customer. We look not only at demographic and supply and demand data, but also at consumer preference and psychographic data. We then assemble a team of top marketing and design professionals to create a master plan, which properly balances design, amenities and economics. Arcadia’s commitment to market research is evidenced by the company’s development of state-of-the art visual preferencing techniques, and our support of an ongoing research project into homebuyer preferences performed by the Massachusetts Institute of Technology.
Arcadia has developed a highly disciplined acquisition strategy that targets well-located properties, in infill or supply-constrained markets, which can be acquired at below intrinsic value. We pay special attention to zoning and entitlement risks, and will generally not close on a property until entitlements have been secured. The typical Arcadia community is programmed for the corporate, custom and semi-custom builder. Arcadia has long-term relationships with many of the areas largest homebuilders including David Weekley Homes, Ryland Homes, Grand Homes, Drees Homes, DR Horton, Cambridge, Mercedes Homes, and Highland Homes.