<SEC-DOCUMENT>0000950123-14-003650.txt : 20140716
<SEC-HEADER>0000950123-14-003650.hdr.sgml : 20140716
<ACCEPTANCE-DATETIME>20140408172252
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-14-003650
CONFORMED SUBMISSION TYPE:	DRSLTR
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20140408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Century Communities, Inc.
		CENTRAL INDEX KEY:			0001576940
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATIVE BUILDERS [1531]
		IRS NUMBER:				680521411
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DRSLTR

	BUSINESS ADDRESS:	
		STREET 1:		8390 E. CRESCENT PKWY., SUITE 650
		CITY:			GREENWOOD VILLAGE
		STATE:			CO
		ZIP:			80111
		BUSINESS PHONE:		303.770.8300

	MAIL ADDRESS:	
		STREET 1:		8390 E. CRESCENT PKWY., SUITE 650
		CITY:			GREENWOOD VILLAGE
		STATE:			CO
		ZIP:			80111
</SEC-HEADER>
<DOCUMENT>
<TYPE>DRSLTR
<SEQUENCE>1
<FILENAME>filename1.htm
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<HTML><HEAD>
<TITLE>DRSLTR</TITLE>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April&nbsp;8, 2014 </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>CONFIDENTIAL SUBMISSION VIA EDGAR AND UPS </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United
States Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporate Finance </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">Attn:</TD>
<TD ALIGN="left" VALIGN="top">Pamela Long, Assistant Director </TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Era Anagnosti, Staff Attorney </TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Kamyar Daneshvar, Staff Attorney </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>Re:</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Century Communities, Inc.</B> </TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>Amendment No.&nbsp;3 to Draft Registration Statement on Form S-1</B> </TD></TR></TABLE>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>CIK No.&nbsp;0001576940</B> </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Ms.&nbsp;Long: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Century Communities, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), is submitting today to the Division of Corporation Finance
of the U.S. Securities and Exchange Commission (the &#147;<U>Staff</U>&#148;) via EDGAR Amendment No.&nbsp;3 (&#147;<U>Amendment No.&nbsp;3</U>&#148;) to the above-referenced draft Registration Statement on Form S-1 (the &#147;<U>Registration
Statement</U>&#148;) for confidential nonpublic review pursuant to Section&nbsp;6(e) of the Securities Act of 1933, as amended (the &#147;<U>Securities Act</U>&#148;). We are providing for the Staff&#146;s reference six copies of Amendment
No.&nbsp;3 and the exhibits filed therewith, five copies of which have been marked to show the changes from Amendment No.&nbsp;2 to the Registration Statement submitted via EDGAR on February&nbsp;13, 2014. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On behalf of the Company, this letter responds to the comments of the Staff concerning the Registration Statement, as set forth in the letter
dated February&nbsp;28, 2014 (the &#147;<U>Comment Letter</U>&#148;) addressed to Mr.&nbsp;Dale Francescon of the Company. For your convenience, we have repeated your comments and provided the response of the Company in bold. Please note that
references to page numbers refer to the pages in the marked version of Amendment No.&nbsp;3. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>General </U></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Please provide updated financial statements and related disclosures as required by Rule 3-12 of Regulation S-X. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has included in Amendment No.&nbsp;3 updated financial statements and related disclosures as required by Rule 3-12 of Regulation
S-X.</B> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">In your response to comment nine from our letter dated November&nbsp;26, 2013, you state that since &#147;the income test set forth in Rule 1-02(w) yields a measure of significance between 20% and 40% based on the
Company&#146;s 2012 operating results, one year of audited financial statements of Jimmy Jacobs must be furnished to satisfy the requirements of Rule 3-05.&#148; We remind you that a measure of significance between 20% and 40% would also require
unaudited interim financial statements through the interim period preceding the acquisition and comparative statements for the preceding year. </TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 8, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 2 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company respectfully advises the Staff that on April&nbsp;1, 2014, one of the
Company&#146;s wholly-owned subsidiaries, Century Communities of Nevada, LLC, purchased substantially all of the assets of Las Vegas Land Holdings, LLC and its subsidiaries (collectively, &#147;<U>LVLH</U>&#148;), a homebuilder with operations in
Las Vegas, Nevada, for a purchase price of approximately $165 million (the &#147;<U>LVLH Acquisition</U>&#148;). The Company believes there is sufficient continuity of operations prior to and after the LVLH Acquisition, and the revenue producing
activities (construction and sale of single family residences) of LVLH will generally remain the same. Additionally, numerous attributes of LVLH will remain after the transaction, including but not limited to, its employee base, sales force and
physical facilities. As such, the Company concluded that the LVLH Acquisition represented a business acquisition under Rule 11-01(d) under Regulation S-X.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Along with the Company&#146;s acquisition of Jimmy Jacobs Homes, L.P. (&#147;<U>Jimmy Jacobs</U>&#148;) on September&nbsp;12, 2013 (the
&#147;<U>Jimmy Jacobs Acquisition</U>&#148;), the LVLH Acquisition represents the implementation of the Company&#146;s business model to enter new markets primarily through strategic acquisitions of existing market participants. Accordingly, the
Company believes that it meets the conditions precedent to applying SAB 80: Application of S-X Rule 3-05 in Initial Registration Statements (&#147;<U>SAB Topic 1J</U>&#148;), which are outlined in Section&nbsp;2070.2 of the Division of Corporation
Finance Manual, and are reproduced below with a discussion regarding the Company&#146;s specific fact pattern noted below.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Condition 1</U>: The acquired and likely to be acquired businesses must be discrete and substantially intact after the acquisition.</B>
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>Both of Jimmy Jacobs and LVLH are discrete operations which will be operated as the Company&#146;s Texas and Nevada divisions,
respectively. The operations of Jimmy Jacobs subsequent to the Company&#146;s acquisition are accumulated and monitored in the Company&#146;s accounting records as a discrete operation, and the Company anticipates treating LVLH in a similar manner.
The Company currently does not have any plans to dispose of any assets acquired in the Jimmy Jacobs Acquisition or the LVLH Acquisition, other than in the normal course of business of developing and selling single family residences, and the Company
anticipates that the operations of each of Jimmy Jacobs and LVLH will remain substantially intact. The Company believes it meets Condition 1 to apply SAB Topic 1J.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B><U>Condition 2</U>: SAB 80 can only be applied by a first-time registrant in its initial registration statement, irrespective of whether
that initial registration statement involves a public offering.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>As the Company is a first time registrant, and the Registration
Statement is its initial registration statement, the Company believes that it meets Condition 2 to apply SAB Topic 1J. </B></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 8, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 3 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>SAB Topic 1J allows for a measurement of significance for each acquired business based on
pro forma financial statements for the registrant&#146;s most recently completed fiscal year. The measure of significant under SAB Topic 1J for the Jimmy Jacobs Acquisition and the LVLH Acquisition are summarized below.</B> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="20%"></TD>
<TD style="width:44pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:44pt"></TD>
<TD VALIGN="bottom" WIDTH="20%"></TD>
<TD style="width:31pt"></TD>
<TD></TD>
<TD></TD>
<TD style="width:31pt"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="9" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Significance</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Jimmy&nbsp;Jacobs&nbsp;Acquisition</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>LVLH&nbsp;Acquisition</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Asset test</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Investment test</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>40</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Income test</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" >&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>39</B></TD>
<TD NOWRAP VALIGN="bottom"><B>%</B></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>Based on the results of the significance tests above, the Company has provided audited financial statements
of LVLH for the </B><B>years ended December&nbsp;31, 2013 and 2012 in accordance with Section&nbsp;2070.9 of the Division of Corporation Finance Manual. Additionally, as the LVLH Acquisition was completed subsequent to the Company&#146;s most recent
audited balance sheet, unaudited financial statements will be provided in future amendments to the Registration Statement as if LVLH was the registrant. The Company has also provided unaudited pro forma financial statements presenting the pro forma
impact of the LVLH Acquisition on the Company&#146;s historical financial position and results of operations as of and for the year ended December&nbsp;31, 2013, in accordance with Article 11 of Regulation S-X.</B> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Summary &#150; Description of Owned and Controlled Communities, page 9 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">We note your response to comment four from our letter dated November&nbsp;26, 2013 as well as the revisions to your registration statement. Please separately present owned and controlled communities, by market.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has revised the disclosures in &#147;Summary&#151;Description of Owned and Controlled Communities&#148; (page
9) and &#147;Our </B><B>Business&#151;Description of Owned and Controlled Communities&#148; (page 100) to separately present its owned and controlled communities by market, as requested.</B> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Risk Factors, page 16 </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>General </U></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">In light of the restatement of your consolidated financial statements for the years ended December&nbsp;31, 2012 and 2011, with a view towards disclosure please tell us whether the restatement is indicative of the
presence of a material weakness in your controls and procedures. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company concluded that the restatement of its
consolidated financial statements for the years ended December&nbsp;31, 2012 and </B><B>2011 was indicative of material weaknesses in its internal controls over financial reporting, and, as such, the Company has revised the disclosures in &#147;Risk
Factors&#151;Risks Related to Our Business&#151;As a result of becoming a public company, we will be obligated to develop and maintain proper and effective internal control over financial reporting. We may not complete our analysis of our internal
control over financial reporting in a timely manner, or these internal controls may not be determined to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our common stock&#148; (page 29) and
&#147;&#151;Risks Related to Our Organization and Structure&#151;If we fail to implement and maintain an effective system of internal controls, we may not be able to accurately determine our financial results or prevent fraud. As a result, our
stockholders could lose confidence in our financial results, which could materially and adversely affect us&#148; (pages 37-38).</B> </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 8, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 4 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations, page 51
</U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Other Income (Expense), pages 56 and 58 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">Please tell us the reason you have classified acquisition costs of $302,034 in other income (expense), rather than as a component of operating income. In addition, please identify and quantify the income item that more
than offsets the acquisition costs in the other income (expense) line item for the nine months ended September&nbsp;30, 2013. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company respectfully advises the Staff that ASC 805-10-25-23 (&#147;<U>ASC 805</U>&#148;) requires that costs incurred associated with a
business combination be expensed as incurred, however, ASC 805 does not provide guidance on the classification of acquisition costs in the statement of operations. ASC 805 does require disclosure of the amount of acquisition costs incurred and the
line item that the costs are presented in the statement of operations. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has elected to present acquisition costs in
other income (expense) in its statement of operations as it believes that these costs are nonrecurring costs incurred for specific events. The Company believes that presentation of acquisition related costs in other income (expense), and not as a
component of operating income, provides comparability to its potential investors regarding its homebuilding operations period over period. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>During the nine months ended September&nbsp;30, 2013, the Company earned income from a rental property held by its corporate segment of
$0.1 million, had $0.1 million of income from forfeited deposits from homeowners, and earned $0.1 million from a third party mortgage company for successful referrals of its homebuyers. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has revised the disclosures in &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#151;Other Income (Expense)&#148; (pages 52-53) and &#147;&#151;Year Ended December&nbsp;31, 2013 Compared to the Year Ended December&nbsp;31, 2012&#151;Other Income (Expense)&#148; (page 56), as requested. </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">Please clarify the significant components of the other income (expense) line item for each period presented. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company respectfully advises the Staff that the significant components of other income (expense) for all periods presented are
consistent with those discussed in the Company&#146;s response to Comment 5 above. Additionally, the Company has expanded the disclosure in &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations&#151;Year
Ended December&nbsp;31, 2013 Compared to the Year Ended December&nbsp;31, 2012&#151;Other Income (Expense)&#148; (page 56) to clarify the significant components of other income (expense), as requested. </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Liquidity and Capital Resources, page 59 </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Cash Flows
&#150; Nine Months Ended September&nbsp;30, 2013 Compared to the Nine Months Ended September&nbsp;30, 2012, page 61 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">Your narrative states that net cash used in operating activities increased to $43.1 million during the nine months ended September&nbsp;30, 2013. However, your statement of cash flows indicates that net cash used in
operating activities was $52.6 million. Please revise your registration statement as appropriate. </TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 8, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 5 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has revised the disclosure in Management&#146;s Discussion and Analysis of
Financial Condition and Results of Operations&#151;Liquidity and Capital Resources&#148; (pages 57-59) to reflect information for the year ended December&nbsp;31, 2013. </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Executive Compensation, page 111 </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Summary Compensation
Table, page 111 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">Please refer to footnote (2)&nbsp;disclosure with respect to the $1,500,000 bonus paid to Mr.&nbsp;Dale Francescon and Mr.&nbsp;Robert Francescon in fiscal year 2013. As disclosed on page 113, it appears that each of
Messrs. Francescon received a bonus equal to 300% of their respective annual salary following the &#147;satisfaction of performance and discretionary goals&#148; established by the compensation committee. Please revise your disclosure to identify
what the performance goals were and how the committee determined that those performance goals were achieved. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company
has revised the disclosure in &#147;Executive and Director Compensation&#151;Executive Compensation&#151;Narrative to Summary Compensation Table&#148; (page 113), as requested. </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Financial Statements </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Note 1 &#150; Nature of
Operations and Summary of Significant Accounting Policies, Land and Lot Option Purchase Agreements, page F-12 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">We note your response to comment 24 from our letter dated November&nbsp;26, 2013 and the revisions to your registration statement. Based on your accounting policy disclosures under Variable Interest Entities on page
F-9, please also disclose any amounts classified in inventories related to optioned land from related parties and unrelated parties for funds expended for due diligence, development and construction activities for optioned land prior to takedown.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has revised the disclosure in &#147;Notes to the Consolidated Financial Statements, December&nbsp;31, 2013
and 2012&#151;Note 1: Nature of Operations and Summary of Significant Accounting Policies&#151;Variable Interest Entities&#148; (page F-17) to clarify, among other items, that the Company has not incurred costs associated with development and
construction activities for optioned land with related and unrelated parties prior to takedown. The Company has historically incurred costs prior to takedown associated with due diligence, which typically includes legal costs and costs related to
soil engineers and impact studies. As of December&nbsp;31, 2013, the Company had 388 lots remaining to be purchased under lot option contracts with unrelated parties, for which the Company had incurred approximately $68 thousand in due diligence
related costs. As of December&nbsp;31, 2012, the Company had 237 lots remaining to be purchased under lot option contracts with unrelated parties, and 82 lots remaining to be purchased under lot option contracts with related parties, for which the
Company had incurred approximately $80 thousand and $44 thousand, respectively, in due diligence related costs. </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Note 2 &#150; Inventories, page
F-14 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">Based on your current disclosures, it is not clear what, if any, amount of interest capitalized to inventory was expensed to cost of sales during each period presented. Please clarify or revise. </TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 8, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 6 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has revised the disclosure in &#147;Notes to the Consolidated Financial
Statements, December&nbsp;31, 2013 and 2012&#151;Note 9: Interest&#148; (page F-23) as requested. </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Note 11 &#150; Related Party Transactions, page
F-20 </U></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Note 15 &#150; Related Party Transactions, page F-47 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top">We note the change in your accounting policy for transactions with entities under common control. Please address the following: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Explain how you defined and determined &#147;common control&#148;, including any agreement between the Co-CEOs to act in concert; </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company respectfully advises the Staff that accounting principles generally accepted in the United States do not define the term
&#147;common control,&#148; however, EITF 02-5, which was never issued, addressed the definition of &#147;common control.&#148; The Company understands that the Staff has indicated that until additional guidance is issued, the Staff believes that
registrants should follow the guidance in EITF 02-5. EITF 02-5 indicates that common control exists only in the following situations: </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>An individual or entity holds more than 50% of the voting ownership interest of each entity. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>Immediate family members hold more than 50% of the voting ownership interest of each entity (with no evidence that those family members will vote their shares in any way other than in concert). Immediate family
members include a married couple and their children, but not the married couple&#146;s grandchildren. Entities might be owned in varying combinations among living siblings and their children. Those situations would require careful consideration of
the substance of the ownership and voting relationships. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><B>&#149;</B></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><B>A group of shareholders holds more than 50% of the voting ownership interest of each entity, and contemporaneous written evidence of an agreement to vote a majority of the entities&#146; shares in concert exists.
</B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company and the entities from which it purchased the land inventory were owned 50% by its Co-Chief Executive
Officers, Messrs. Dale Francescon and Robert Francescon, respectively. The Company&#146;s Co-Chief Executive Officers are brothers who have worked together in the homebuilding business for over 25 years. While there is no written agreement between
the Company&#146;s Co-Chief Executive Officers to act in concert, the Company believes that there is a significant historical pattern, since the Company&#146;s founding, of the Company&#146;s Co-Chief Executive Officers voting their shares in
concert on all major decisions impacting the Company&#146;s operations. Additionally, prior to founding the Company, the Company&#146;s Co-Chief Executive Officers founded Trimark Communities, and subsequent to the sale of Trimark Communities to
D.R. Horton in 1996, served as Co-Division Presidents at D.R. Horton from 1996 through 2000. The Company believes that its Co-Chief Executive Officers&#146; careers of over 25 years working together in the homebuilding industry provides empirical
evidence that they will vote their shares in concert. Accordingly, the Company concluded that common control existed. </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For lots you acquired for cash from the related party, explain why you believe it is more appropriate to record them at the carrying basis of the related party; </TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 8, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 7 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company respectfully advises the Staff that it believes that it is more appropriate to
record the lots obtained for </B><B>cash from the related party at the carrying basis of the related party for the following reasons:</B> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"><B>Given the nature of the asset class subject to the common control transaction (land inventory in Colorado, for which there is not an actively traded market, or quoted prices for identical assets), the determination
of the purchase price between the Company and the entities under common control was largely subjective and was ultimately determined by the Company&#146;s Co-Chief Executive Officers, Messrs. Dale Francescon and Robert Francescon. The purchase price
between the Company and the entity under common control may not have been an accurate representation of what the Company would have paid had it sourced similar land inventory from third parties. Accordingly, the Company believes that presentation at
the carrying basis of the related party more accurately reflects the economics of the transactions by reflecting a gross margin which is comprised of revenue received from a third party consumer for the residence, less the costs incurred by entities
under control of the Company&#146;s Co-Chief Executive Officers to obtain and develop the land, and construct and market the residences for sale.</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">-</TD>
<TD ALIGN="left" VALIGN="top"><B>Furthermore, the Company believes that presentation of the excess of cash transferred over the carrying basis to the entity under common control as a distribution in the Company&#146;s consolidated statement of
equity also more appropriately reflects the economics of the transaction, which could have at the discretion of the Company&#146;s Co-Chief Executive Officers been structured similar to other transactions whereas the land was contributed to the
entity by the Company&#146;s Co-Chief Executive Officers, and at their discretion in regards to the amount and timing that cash distributions were declared.</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For lots you acquired from the related party and recorded at their carrying basis, disclose the impact (here and in MD&amp;A) of the subsequent sale of those lots on gross profits and net income during each period
presented and disclose the remaining balance of such lots included in inventory at each balance sheet; </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company has
revised the disclosure in &#147;Notes to the Consolidated Financial Statements, December&nbsp;31, 2013 and 2012&#151;</B><B>Note 17: Related Party Transactions&#148; (page F-30) as requested.</B> </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For lots you acquired subsequent to the private placement from the related party, disclose when they were acquired by the related party and how much the related party paid for them. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company respectfully advises the Staff that subsequent to the May 2013 private offering and private placement, the transaction was not
between entities under common control, as the Company&#146;s Co-Chief Executive Officers, Messrs. Dale Francescon and Robert Francescon, held less than 50% of the Company, and, as such, the transaction was not impacted by the change in accounting
principle. The Company has also revised the disclosure in &#147;Notes to the Consolidated Financial Statements, December&nbsp;31, 2013 and 2012&#151;Note 17: Related Party Transactions&#148; (page F-30). </B></P>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 8, 2014 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 8 </P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Note 15 &#150; Restatement of Financial Statements for the Years Ended December&nbsp;31, 2012 and 2011
</U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top">Please provide us a detailed analysis showing each restatement adjustment that underlies the adjustment column in your tables, as well as the underlying reason for each restatement adjustment. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><B>The Company is supplementally providing to the Staff via overnight courier copies of spreadsheets showing a detailed analysis of each
restatement adjustment for the years ended December&nbsp;31, 2012 and 2011. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We thank the Staff for its courtesies. If the Staff needs
any additional information or has any questions regarding the foregoing responses, please do not hesitate to contact the undersigned at (310)&nbsp;568-3856 or William Wong at (310)&nbsp;586-7858. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sincerely,</P></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Mark J. Kelson</TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Mark J. Kelson</TD></TR>
</TABLE></DIV> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top">Dale Francescon, Century Communities, Inc. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Robert Francescon, Century Communities, Inc. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">David Messenger, Century Communities, Inc. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">William Wong, Esq., Greenberg Traurig, LLP </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Howard Adler, Esq., Gibson, Dunn&nbsp;&amp; Crutcher LLP </TD></TR></TABLE>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
