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Drees Homes Grows National Presence with the Addition of Monticello Homes

Jan 31, 2025

FORT MITCHELL, Kentucky — Drees Homes, an award-winning national home builder, announced that it is acquiring the assets of San Antonio-based Monticello Homes, growing its presence to 11 metropolitan areas nationwide. Formed in 1994, Monticello Homes has delivered over 2,000 luxury homes in the San Antonio and surrounding areas. 

 

Drees Homes also has a rich history in Texas, with a presence dating back to 1984. After establishing a strong foothold as “Drees Custom Homes” in the Dallas/Fort Worth area, Drees expanded to Austin in 1998 and Houston in 2014. Through its acquisition of Monticello Homes’ assets, Drees will now also operate in San Antonio, continuing to deliver exceptional quality and innovative designs while securing a presence in each of Texas's top four metros.

 

Drees Homes President Tim Terrell shared, “We are thrilled to announce our expansion into San Antonio and welcome Monticello’s employees to the Drees team. This move represents a significant milestone for our company as we continue to grow and innovate. The vibrant community and dynamic market here offer immense opportunities, and we are excited to contribute to the local economy. With a dedicated team in San Antonio and an award-winning portfolio of homes, we are confident in a bright future and look forward to building lasting relationships in this thriving region.”

 

President and Founder of Monticello Homes Wayne Moravits added, “After three decades of building luxury homes in San Antonio and surrounding areas, I am excited and proud to pass our legacy to Drees Homes. Monticello Homes has always been committed to delivering a personalized home building experience to our clients from innovative home design and construction to closing and customer service. Drees Homes is a home builder whose dedication to quality and customer satisfaction aligns with our core values. I am confident that Drees will continue to honor the seamless home building experience that has been the cornerstone of our success.”

 

“I am truly looking forward to kicking off this next chapter with the Monticello team. Because of their dedication to quality craftsmanship and record of first-class customer service, Monticello Homes is a great fit. This new partnership perfectly aligns with our strategic plan and vision for the future,” said Drees Homes Chief Executive Officer David Drees.

 

Monticello Homes joins at a time in which Drees is poised for expansion. As Drees Homes counts down to its 100th anniversary in 2028, it is focused on its Centennial Strategy, aimed at growing the company nationwide as well as continuing to provide an exceptional homebuyer experience. Drees is currently ranked as the 41st largest home builder and the 21st largest private builder in the country. Through this acquisition, Drees will gain additional market share in Texas.


Drees Homes’ purchase of Monticello Homes was complete on January 31, 2025. Monticello’s 44 employees will join the Drees team and the company’s existing Division President Mark Elphick will continue to lead local operations.

Builder Advisor Group served as the exclusive sell-side advisor to Monticello Homes in the transaction.

 

About Drees Homes

Family-owned and operated for over 95 years, Drees Homes has been recognized as a leader in the industry, earning the title of "America's Best Builder" (twice) from Builder Magazine, "National Builder of the Year" from Professional Builder Magazine, as well as the "National Housing Quality Award" from the National Association of Home Builders. In recent years, the company has become a three-time U.S. Best Managed Company, a program sponsored by Deloitte Private and the Wall Street Journal. Drees Homes has also been certified as a Great Place To Work and is highly ranked on the Fortune 2024 Best Workplaces in Construction list. Headquartered in Ft. Mitchell, Kentucky, Drees operates in Cincinnati and Northern Kentucky, Cleveland, Indianapolis, Jacksonville, Nashville, Raleigh, Washington DC, Austin, Dallas and Houston, and currently offers single-family homes, townhomes and estate homes. Homes range from the high $200s to $2 million+. For more information, visit dreeshomes.com.

 

About Monticello Homes

Monticello Homes, founded in 1994 by San Antonio native Wayne Moravits, is San Antonio’s premier home builder, dedicated to providing luxury homes with innovative and customizable features. Moravits created a vertical business model to provide a seamless home building experience from design to warranty. Monticello has nine communities in San Antonio and nearby towns of Boerne and New Braunfels.

 

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