Maracay Homes buys Gilbert home sites from Taylor Morrison for $9.8M

Adora Trails Encore II Collection
Adora Trails Encore II Collection

By Mike Sunnucks | Phoenix Business Journal

Maracay Homes paid $9.8 million for 82 homes sites in the Adora Trails development in Gilbert.

The master-planned residential development is at Riggs Road and Val Vista Drive in the East Valley.

Maracay — an arm of California-based TRI Pointe Group (NYSE: TPH) — bought the parcels from ATPD LLC.

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