Jul 26, 2014
80°
Partly Cloudy

NVR Acquires Heartland Homes

Heartland Homes is the second largest home builder in the Pittsburgh area.

NVR Acquires Heartland Homes

Heartland Homes is now part of NVR Inc.

NVR completed the acquisition on the second largest homebuilder in Pittsburgh on Dec. 31.

NVR will continue to market under the Heartland Homes name, which is a  compliment to NVR's Ryan Homes business. 

Heartland is the builder for 170 planned townhouses and 130 single-family homes on the former Highland Country Club property in Ross Township.

Heartland also plans to build 50 townhouses along Cumberland Road as part of the McCandless Crossing development.

Heartland Homes has a number of existing residential communities in Allegheny and Butler counties, including:

Pinecrest and Stonecrest in Pine Township

Parkview Estates in Richland Township

Mystic Ridge and  Orchard Park  in Cranberry

The Waterford Place in McCandless

Northtowne Estates and Venango Trails in Marshall Township

Amherst Village and Myoma Woods in Adams Township

Briarwood in Franklin Park

Sonoma Ridge and Berringer Court in Moon Township

Stafford Park and Trotwood Acres in Robinson Township

The Village at Sweetwater and Legacy Village in Sewickley

"Heartland's operating strategy, which includes pre-selling homes and purchasing finished lots from land developers, is consistent with NVR's 'asset light' business model. In addition, NVR intends to expand the size of Heartland's business within the Pittsburgh market as the housing recovery continues over the next several years," according to the NVR press release.

Heartland Homes was founded in 1984 by Alan "Gus" Gillespie of Upper St. Clair. He is the son-in-law of the late Ed Ryan, founder of Ryan Homes in 1948.

Gus' son, Edward Martin "Marty" Gillespie, became president of Heartland Homes in 2005. Marty will continue to manage the Heartland business. 

Follow us on Twitter | Like us on Facebook 

Check out some of today's  other top stories here

Don’t miss updates from Patch!