Tag: featured

A national homebuilder has bought more than 180 acres for $30 million in a growing town next to Raleigh.

Stanley Martin Homes is the latest homebuilder to join Brio, the master-plan community in Knightdale. The company, headquartered in Reston, Virginia, paid $30.6 million for 184 acres south of Buffaloe Road between Old Crews and Lucas roads, according to Wake County deed records.

Stanley Martin will build 508 single-family homes in the age-restricted portion of Brio.

Suncrest and TriGate Capital are the developers of Brio, which will have 1,063 single-family homes built by Pulte Group, DRB Homes and Stanley Martin Homes across 380 acres.

Mark McAuley, director of land development for Suncrest, previously told Triangle Business Journal that construction on the age-restricted homes should start this spring. A representative for Stanley Martin said homes sales will open in 2028.

No list price is available for the age-restricted homes yet, but the company said the homes will be single-level living and range from 1,500 square feet to 2,800 square feet.

The age-restricted portion of Brio will also have 100 multifamily units and 4 acres of commercial space. There will be a clubhouse, swimming pool, pickleball courts, lawns and fire pits.

The land purchased by Stanley Martin is an unaddressed parcel on Buffaloe Road assessed at $7.3 million.

Altogether, the three homebuilders have paid $54 million for the land where single-family homes will be built in Brio, per Wake County property records. McAuley said the developers will continue to build out the infrastructure for the community while the homebuilders each work on their respective projects.

Knightdale’s growth has spurred more home construction to meet the demand. Pulte Homes bought 91 lots to build homes within Turnbridge Equities’ Mailman Post development.

Robuck Homes is building 100 single-family homes and townhomes while the Allen Park residential community will have 624 homes.

Encompass Health and Vanderbilt Health have announced they will partner to build and operate a freestanding 40-bed inpatient rehabilitation hospital that will be part of Lebanon’s Barton Village mixed-use development. The rehabilitation hospital is expected to open in 2028, according to Encompass Health. Barton Village is being developed by Suncrest in the South Hartmann Gateway just off Interstate 40 in Lebanon.

About 120 full-time employees are expected to work at the rehabilitation hospital, according to an Encompass Health spokesperson. Patient rooms will all be private and the facility will include a therapy gym, pharmacy and more.

Encompass Health and Vanderbilt Health are also partners with Vanderbilt Stallworth Rehabilitation Hospital in Nashville.

“As the number of patients we treat continues to rise, including those who need recovery from severe trauma, organ transplantation, stroke and other conditions, additional beds are required to help meet this goal,” said Jane Freedman, MD, deputy CEO and chief health system officer for Vanderbilt University Medical Center.

The Barton Village master plan is on about 365 acres along South Hartmann Drive. The development is approved for 1,945 residential units and about 225,000 square feet of commercial space, which includes the Encompass-Vanderbilt community, according to Suncrest Managing Partner Mike Koch.

We’re excited to announce that Suncrest Real Estate & Land has been recognized as one of the Phoenix Business Journal’s 2025 Fastest-Growing Companies under $20 million in revenue.

Coming in at #14 out of 26 honorees, Suncrest posted an impressive 102.96% revenue increase between 2022 and 2024 — growing from $9.64 million in 2023 to $19.57 million in 2024. This recognition places Suncrest among a dynamic group of high-growth organizations across sectors such as healthcare, technology, construction, and professional services. Companies like HealthyU Clinics, Supra Human, and Dovly rounded out the top of this year’s list.

Our ranking not only highlights our team’s execution and focus, but also reflects increasing demand for thoughtfully planned residential and mixed-use communities. As a land acquisition and development company operating nationally, Suncrest is proud to play a role in shaping future-ready neighborhoods that meet the evolving needs of families, municipalities, and private-sector partners.

“Being included on this list is a strong affirmation of our long-term vision,” said Mike Koch, Managing Partner of Suncrest. “We’re continuing to expand our footprint across the U.S., working closely with developers and local governments to deliver communities that drive growth and quality of life.”

We’re grateful to the Phoenix Business Journal and Baker Tilly for compiling the rankings and to our partners for their continued trust. Most importantly, thank you to our exceptional team — your dedication is what powers our momentum.

Read the full article in the Phoenix Business Journal below.

The Phoenix Business Journal will honor the Valley’s fastest-growing businesses during the inaugural 2025 Phoenix Business Journal Fastest Growing Companies Awards in November.

Forty-eight honorees are among the privately held Arizona businesses with annual revenue of over $1 million. The awards are divided into two size categories: $1 million to $19.9 million (26 companies) and $20 million or more (22 companies).

Together, these companies have collectively amassed over $14 billion in revenue in 2024. They were selected based on percentage of revenue growth between 2022 and 2024. Baker Tilly conducted the financial analysis of nominees for the Business Journal.

Some of these businesses had such astounding growth that they also landed spots among the Inc. 5000 fastest-growing companies in the nation. Thirty of the 137 Arizona companies on Inc.’s list ranked among the top 1,000 on that list.

The final ranking and percentage growth numbers for the Business Journal’s Fastest Growing Companies will be revealed at the event.

The awards event will be held at 4:30 p.m. on Nov. 13 at Chateau Luxe Event Venue in Phoenix. The event includes a plated dinner and open bar. Register for tickets here. Sponsors include UMB Financial Corp., Baker Tilly, USI, Vaco and IKE.

Here are the 26 fastest-growing companies with between $1 million and $19.9 million revenue in 2022 that recorded positive revenue growth through 2024 — presented in alphabetical order:

• Adobe Population Health
• Air2O
• A.T. Meridian Construction LLC
• Awake Window & Door Co.
• Christie’s International Real Estate
• DOvly AI
• Fortitude Family Office
• HealthyU Clinics
• Inty Power
• Joybyte
• Keepers Commercial Cleaning
• Law Tigers
• Lumifi
• MAVRX Sports Housing
• Navi Nurses
• Next Level Growth
• Nutritional Manufacturing Services LLC
• ON Advertising
• Pro AZ Properties
• qBotica
• Suncrest
• Supra Human Inc
• Technical Training Professionals LLC
• Verde Clean
• VIIRL Marketing
• Whiz Kidz Preschool

Here are the 22 fastest-growing companies with at least $20 million revenue in 2022 that recorded positive revenue growth through 2024 — presented in alphabetical order:

• American Fence Company
• Branded Bills
• Canyon State Electric
• CopperPoint Insurance Companies
• Dynamic Advisor Solutions
• Fennemore
• Freestar
• Kovach Enclosure Systems
• IMPACT Technology Recruiting
• Industrial Power Solutions
• K2 Electric
• KP Aviation
• MT Builders
• Nox Group
• Oats Overnight
• Professional Piping Systems
• RPG Brands
• Russell Sigler Inc.
• SDB Contracting Services
• Sun Valley Masonry
• TriWest Healthcare Alliance
• TYR Tactical

The Phoenix Business Journal Fastest Growing Companies Awards replace the former Arizona Corporate Excellence (ACE) awards.

PHOENIX (August 12, 2025) — Suncrest, a nationally recognized land acquisition and community development firm, is proud to announce it has been named to the 2025 Inc. 5000 list of the fastest-growing private companies in America, coming in at #1426.

The Inc. 5000 list is a prestigious ranking that highlights the most successful independent businesses in the country in entrepreneurial success, and innovation and growth, in the private sector. Suncrest’s inclusion underscores its expanding national footprint and commitment to acquiring and delivering high-quality land for communities that meet the evolving needs of developers, municipalities, and homeowners nationwide. 

“Being recognized on the Inc. 5000 list is a testament to the incredible work of our team and the strength of our partnerships across the real estate and development sectors,” said Mike Koch, Managing Partner at Suncrest. “Our mission has always been to identify strategic land opportunities and help shape communities that will thrive for generations. This is what Land to Legacy means to us.“

Suncrest specializes in sourcing, entitling, and positioning land for residential growth in high-demand markets, particularly in the Sunbelt. With a portfolio spanning multiple states and a reputation for navigating complex entitlement processes, Suncrest plays a key role in the successful creation of vibrant communities.

More health care facilities are in the pipeline for Lebanon.

Two of three Middle Tennessee certificate of need applications on the agenda were approved by the Tennessee Health Facilities Commission Wednesday.

The unanimous green light was given to Vanderbilt Health Services’ $71.87 million joint venture for a 40-bed inpatient rehabilitation facility in Lebanon, and to HCA Healthcare (NYSE: HCA) for the $15.87 million renovation of an existing facility in Lebanon into an ambulatory surgery center. 

Highpoint Health – Sumner with Ascension Saint Thomas, a joint venture between Ascension Saint Thomas and Lifepoint Health, did not get approval to establish a satellite hospital at its freestanding emergency room location in Gallatin after an hours-long battle with HCA’s TriStar Division.

In the 5:3 vote, commissioners cited failure to prove need, unmet criteria and conflicting consensus as reasons to not approve the application.

So far this year, there have been numerous certificate of need applications on the outskirts of Nashville, aimed at addressing health care fast growing areas like Gallatin, Lebanon and Clarksville. 

Gallatin satellite hospital

Highpoint Health — Sumner with Ascension Saint Thomas, owned by the entities’ joint venture Highpoint Health, failed to obtain a certificate of need for a $19.7 million, 16-bed satellite hospital in Gallitin Wednesday. 

The satellite hospital would have been built on 30 acres of land the joint venture currently owns at 225 Big Station Camp Blvd. and utilize the existing free-standing emergency department on the property. 

The sixteen beds would have been relocated from the main campus at 555 Hartsville Pike to the satellite hospital so they would have been included in the hospital’s current and approved bed distribution. 

HCA Healthcare’s TriStar Division leaders called the project “misleading,” citing plans submitted that labeled the expansion as “phase one.” If the certificate of need had been approved, then the satellite hospital would not have needed another certificate to expand bed numbers, commissioners said. 

Lebanon inpatient rehabilitation facility 

Rehabilitation Hospital of Lebanon, which is owned and operated through a joint venture with Encompass Health Lebanon Holdings and Vanderbilt Health Services, received unanimous approval for its facility Wednesday.

The 40-bed facility will be at an unaddressed site on Yellowstone Road in Barton Village Development, near 541 Barton Creek Road. The services areas for the facility will be Macon, Smith, Trousdale and Wilson counties. Encompass Health Lebanon holdings will own 95% and Vanderbilt Health Services will own 5%, according to the meeting agenda. 

Lebanon Center for Outpatient Surgery

TriStar Summit Hospital Outpatient Department will be converted into an ambulatory surgery center after receiving unanimous approval Wednesday.

The ambulatory outpatient surgery center will be at 125 Wilard Hagan Dr. and will span 17,350 square feet with two operating rooms and one procedure room. It will provide general surgery, ENT surgery, GI and endoscopy, orthopedic surgery, total joint replacement, orthopedic spine surgery, podiatry and pain management procedures.

The service area for the facility is Wilson County and will be owned by Lebanon Surgicenter LLC, whose parent company is HCA Healthcare, according to the meeting agenda. Physicians on staff at the facility will be able to collectively become up to 49% owners of the center. Each individual can own up to 5%. 

Vanderbilt is planning on putting a $71.87 million rehabilitation facility in Lebanon as part of one of its joint ventures. 

Rehabilitation Hospital of Lebanon, which is owned and operated through a joint venture with Encompass Health Lebanon Holdings and Vanderbilt Health Services, filed a letter of intent in April to establish a 40-bed inpatient rehabilitation facility.

Vanderbilt University Medical Center has been focusing its growth outside of the Nashville Metro area, president and CEO Jeff Balser told the Business Journal in February. Expanding its services in Lebanon fits into that goal.

Vanderbilt Health is an academic health system anchored by Vanderbilt University Medical Center, Nashville’s largest hospital with 1,174 beds, more than 15,000 employees and more than $12.82 billion in revenue, according to Business Journal Research.

The facility would be at an unaddressed site on Yellowstone Road in BartonVillage Development, near 541 Barton Creek Road, according to the April 9 letter of intent filed with the State of Tennessee Health Facilities Commission. 

The hospital will need to be approved for a certificate of need before building. As of May 2, the project had not yet been placed on an agenda. 

Del Webb is filling a hole in the Middle Tennessee housing market. 

The hole: active-adult communities. 

According to Jason Demuth, president of PulteGroup’s Tennessee division, the 55-plus demographic is one of the biggest growing segments in the market.

“The biggest thing we struggle with in Middle Tennessee is housing inventory — having enough, not having too much,” Demuth said.

Del Webb, a retirement-community developer and subsidiary of homebuilder Pulte Group Inc., announced its latest community earlier this fall: Del Webb at Barton Village, which will bring over 700 homes to Lebanon and marks Del Webb’s fourth active-adult community in Middle Tennessee. 

For Demuth, Lebanon was the “perfect scenario.” It offered space for the 240-acre community; it’s an attractive, fast growing area, right off Interstate 40, while also offering residents a “small town environment.”

“As long as this region continues to grow, and the Del Webb demographic continues to come here, we’re going to keep looking for opportunities to keep investing in these master plans for them,” Demuth said.

The grand opening of Del Webb at Barton Village is set for April 5 and its Southern Harmony community in Murfreesboro opened in April 2024. But the national brand shows no signs of stopping there. 

Del Webb, a retirement-community developer and subsidiary of home-builder Pulte Group Inc., reveals plans for its newest Nashville development.

Del Webb

Demuth said Del Webb is doubling down on Tennessee and sees the potential of bringing on two additional active-adult communities in the next five to seven years. 

“This is a time where housing is under a lot of pressure with costs, affordability and interest rates. … That buyer is growing here, a lot of people are moving here. It seems like there’s great demand for that active adult community,” Demuth said. “A lot of markets might have had years and years of building these communities. We really haven’t.” 

In partnership with Phoenix-based Suncrest, the master developer of Barton Village, the 240-acre development will be located on the southern portion of the 350-acre mixed-use, master planned development and will offer dining, retail, offices, medical facilities, outdoor recreation and other housing options connected to Barton Village. 

“What we’re providing in one of our Del Webb communities, you really can’t duplicate that aging in place,” Demuth said. “It’s a lifestyle change. … It’s really something completely different.”

Suncrest sold 555 platted and engineered lots within Brio, one of the Raleigh area’s new master-planned communities in Knightdale.

PulteGroup acquired 267 lots in Brio West, while Dan Ryan Builders bought 288 in Brio East. Both builders will work with Suncrest to develop an amenity package with a 5-acre park and a clubhouse with a pool, sports courts, and other recreational facilities to encourage an active lifestyle.

Suncrest is constructing the off-site roadway and utility improvements and has retained 500 lots as well as a multifamily section for future development as an age-restricted community designed for adults 55 and older.

Suncrest is a national master developer specializing in securing and developing prime real estate opportunities across America’s most sought-after markets. It has a portfolio of 20,000-plus homesites under management.

An out-of-state builder has scooped up one of the largest undeveloped parcels inside Interstate 540’s Outer Loop in Wake County.

Arizona-based Meritage Homes has purchased 93 acres of mostly forested land at 6515 Buffaloe Road in Northeast Raleigh, according to Wake County records.

The assemblage is permitted for 641 homesites. It’s also part of Buffaloe Reserve, a new 212-acre master-planned community at the northwest corner of Buffaloe Road and Interstate 540, just a 20-minute drive to downtown Raleigh.

The sellers, Suncrest, acquired the entire property — including some 2,000 feet along the Neuse River — for $12 million in 2022, The Triangle Business Journal first reported. It’s zoned for up to 1,100 single-family homes and multi-family units.

Suncrest, with JPM South and Timmons Group, said it has spent the last two years working with the city of Raleigh’s planning and engineering departments to secure final approvals.

It’s expected to break ground in late 2024, according to its website. Planned amenities include a clubhouse and pool.

Apart from the sale to Meritage, Suncrest said it will retain the project’s remaining 18 acres, currently zoned for multi-family residences, and reposition it for sale or development “over the next 24 months.”

“Whether it is rezoned to another use, the market will determine,” Suncrest’s director of land development Mark McAuley said in a release.

Meritage is among a handful of out-of-state developers to become active in North Carolina in recent years, buying up large swaths of land as the state’s growth surges.

In the Raleigh metro alone, it has 10 communities with 30 “move-in” homes currently available in cities like Angier, Garner, Graham, Haw River and Mebane.

It is unclear what the price point will be for its homes in Buffaloe Reserve. Meritage declined to comment for this story.

In Garner, its community, Oak Manor, offers three two-story floor plans ranging from 2,702 to 3,252 square feet. Prices start at $504,000.