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Foundations of a Successful Homebuilder Reorganization

By Joel H. Levitin, Maya Peleg, Mitchell B. Arden and Michael P. Gaul
June 27, 2011

Orleans Homebuilders, Inc. (together with its affiliates, “Orleans”), designs, markets, develops, and builds high-quality, single-family homes, townhomes, and condominiums to serve various types of homebuyers. Orleans has been in business since 1918 and currently operates in Southeastern Pennsylvania; Central and Southern New Jersey; Orange County, NY; Charlotte, Raleigh, and Greensboro, NC; Richmond and Tidewater, VA; and the Chicago suburbs. Florida-based operations were closed last year.

Orleans designs its homes with the assistance of unaffiliated architectural firms, and it supervises the development and building of its communities. Orleans acts as the general contractor for its homes, and employs subcontractors at specified prices for the installation of site improvements and construction. The company owns approximately 3,600 buildable lots in various stages of development.

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