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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Filed by AV Homes, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Pursuant to Rule 425 under the Securities Act of 1933, as amended </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Deemed filed under Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Securities Exchange Act of 1934, as amended </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Subject Company: AV Homes, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Commission File No.: <FONT STYLE="white-space:nowrap">001-07395</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>To:</B> AV Employees<B> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>From:</B> Roger Cregg </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Subject line: Talent Assessment Update and Upcoming Division Town Halls </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Team, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thank you for your feedback on the video message shared
last week. Sheryl Palmer and I were pleased to hear it accomplished what it was designed to do, helping you get to know more about the people and culture of Taylor Morrison. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A critical part of any acquisition is assessing talent, and Taylor Morrison is moving as quickly as they can through this process. They started with the field
roles and next week we expect to begin communicating with all AV sales associates and front-line construction employees to confirm their roles going forward. That means that, within the next 10 days, we anticipate that more than half of our
organization will receive confirmation of a continued roll with the combined company upon closing of the acquisition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">They have also completed
interviewing nearly 70 employees on our operating team (VPs and above) and in the corporate office, bringing the total number of talent-assessment interviews conducted to more than 300 in the last two weeks. We expect that leadership selections will
be announced starting the week of July 9. Taylor Morrison is committed to assessing the balance of our workforce with the goal of having every AV employee through the process before the end of July. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During the <B>week of July</B><B></B><B>&nbsp;16</B>, myself, Sheryl and members of the Taylor Morrison leadership team will host a town hall meeting in every
AV division and continue the momentum already created in familiarizing you with Taylor Morrison. During the town hall you will receive a brief introduction to Taylor Morrison&#146;s history, culture and leaders, along with an update on where we are
in the process of becoming part of Taylor Morrison. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Most importantly of all, however, the Taylor Morrison leadership team wants to use this time to hear
from you and learn what is on your mind. They would like to solicit any questions you have in advance of the town halls, so they can shape the content of their presentation and be sure they answer your questions
<FONT STYLE="white-space:nowrap">in-person.</FONT> Please click here to submit your anonymous feedback on what you would like to learn more about during the meetings by <B>Wednesday, July 11</B>. Through Taylor Morrison&#146;s survey
platform&#151;Waggl&#151;you can also vote on the responses others list, indicating that response is equally important to you. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I will close by relaying
that the Taylor Morrison leadership team wants you to know the time they will spend at our divisions is all about you. They place an unmatched focus on people and know how important it is to get this right. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Roger&nbsp;A. Cregg </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President and Chief Executive Officer </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Information about the Merger and Where to Find It: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to
purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. In connection with the
proposed transaction between Taylor Morrison and AV Homes, Taylor Morrison will file with the U.S. Securities and Exchange Commission (the &#147;SEC&#148;) a registration statement on <FONT STYLE="white-space:nowrap">Form&nbsp;S-4</FONT> that will
include a Proxy Statement of AV Homes that also constitutes a Prospectus of Taylor Morrison (the &#147;Proxy Statement/Prospectus&#148;). AV Homes plans to mail to its shareholders the definitive Proxy Statement/Prospectus in connection with the
transaction. INVESTORS AND SECURITY HOLDERS OF AV HOMES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION
ABOUT TAYLOR MORRISON, AV HOMES, THE TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus (when available) and other documents filed with the SEC by Taylor Morrison and
AV Homes through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of the documents filed with the SEC by Taylor Morrison in the Investor Relations section of Taylor
Morrison&#146;s website at http://investors.taylormorrison.com or by contacting Taylor Morrison&#146;s Investor Relations at investor@taylormorrison.com or by calling <FONT STYLE="white-space:nowrap">(480)&nbsp;734-2060,</FONT> and will be able to
obtain free copies of the documents filed with the SEC by AV Homes in the Investor Relations section of AV Homes&#146; website at http://investors.avhomesinc.com or by contacting AV Homes&#146; Investor Relations at m.burnett@avhomesinc.com or by
calling <FONT STYLE="white-space:nowrap">(480)&nbsp;214-7408.</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Forward Looking Statements: </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Some of the statements in this communication are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. securities
laws. These include statements using the words &#147;believe,&#148; &#147;target,&#148; &#147;outlook,&#148; &#147;may,&#148; &#147;will,&#148; &#147;should,&#148; &#147;could,&#148; &#147;estimate,&#148; &#147;continue,&#148; &#147;expect,&#148;
&#147;intend,&#148; plan,&#148; &#147;predict,&#148; &#147;potential,&#148; &#147;project,&#148; &#147;intend,&#148; &#147;estimate,&#148; &#147;aim,&#148; &#147;on track,&#148; &#147;target,&#148; &#147;opportunity,&#148; &#147;tentative,&#148;
&#147;positioning,&#148; &#147;designed,&#148; &#147;create,&#148; &#147;seek,&#148; &#147;would,&#148; &#147;upside,&#148; &#147;increases,&#148; &#147;goal,&#148; &#147;guidance&#148; and &#147;anticipate,&#148; and similar statements (including
where the word &#147;could,&#148; &#147;may,&#148; or &#147;would&#148; is used rather than the word &#147;will&#148;) and the negative of such words and phrases, which do not describe the present or provide information about the past. There is no
guarantee that the expected events or expected results will actually occur. Such statements reflect the current views of management of Taylor Morrison or AV Homes and are subject to a number of risks and uncertainties. These statements are based on
many assumptions and factors, including general economic and market conditions, industry conditions, operational and other factors. Any changes in these assumptions or other factors could cause actual results to differ materially from current
expectations. All forward-looking statements attributable to AV Homes, or persons acting on its behalf, and are expressly qualified </P>

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in their entirety by the cautionary statements set forth in this paragraph. Undue reliance should not be placed on such statements. In addition, material risks that could cause actual results to
differ from forward-looking statements include: the inherent uncertainty associated with financial or other projections; the integration of Taylor Morrison and AV Homes and the ability to recognize the anticipated benefits from the combination of
Taylor Morrison and AV Homes; the risk associated with AV Homes&#146; ability to obtain the shareholder approval required to consummate the merger and the timing of the closing of the merger, including the risk that the conditions to the transaction
are not satisfied on a timely basis or at all and the failure of the transaction to close for any other reason; the outcome of any legal proceedings that may be instituted against the parties and others related to the merger agreement; unanticipated
difficulties or expenditures relating to the transaction, the response of business partners and retention as a result of the announcement and pendency of the transaction; risks relating to the value of the Taylor Morrison common stock to be issued
in connection with the transaction; the anticipated size of the markets and continued demand for Taylor Morrison&#146;s and AV Homes&#146; homes and the impact of competitive responses to the announcement of the transaction; access to available
financing on a timely basis and on reasonable terms, including the refinancing of Taylor Morrison and AV Homes debt to fund the cash portion of the consideration in connection with the transaction. Additional risks are described under the heading
&#147;Risk Factors&#148; in Taylor Morrison&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2017, filed with the U.S. Securities and Exchange Commission (the &#147;SEC&#148;) on
February&nbsp;21, 2018 and in AV Homes&#146; Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2017 filed with the SEC on February&nbsp;23, 2018. Forward-looking statements speak only as of the
date they are made. Except as required by law, neither Taylor Morrison nor AV Homes has any intention or obligation to update or to publicly announce the results of any revisions to any of the forward-looking statements to reflect actual results,
future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Participants in the Merger
Solicitation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Taylor Morrison, AV Homes and certain of their respective directors, executive officers and employees may be considered participants in
the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders of AV Homes in connection with the
transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise, will be included in the Proxy Statement/Prospectus described above when it is filed with the SEC. Additional information
regarding Taylor Morrison&#146;s directors and executive officers is also included in Taylor Morrison&#146;s proxy statement for its 2018 Annual Meeting of Shareholders, which was filed with the SEC on April&nbsp;17, 2018, or its Annual Report on
Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2017, which was filed with the SEC on February&nbsp;21, 2018, and information regarding AV Homes&#146; directors and executive officers is also included in AV
Homes&#146; proxy statement for its 2018 Annual Meeting of Stockholders, which was filed with the SEC on April&nbsp;18, 2018, or its Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2017, which
was filed with the SEC on February&nbsp;23, 2018. These documents are available free of charge as described above. </P>
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