AV Homes, Inc. (AV Homes), formerly Avatar Holdings Inc., is engaged in the business of homebuilding, community development, and land sales in Florida and Arizona. The Company's assets consist primarily of real estate in the states of Florida and Arizona. As of December 31, 2011, the Company owned 4,975 developed residential lots, 2,565 partially developed residential lots, 12,905 undeveloped residential lots, and 9,280 acres of mixed use, commercial, and industrial land. The Company also constructs and sells homes in primary residential communities. The Company's segments include the development, sale and management of active adult communities; the development and sale of primary residential communities, and the sale of commercial, industrial or other land. In March 2014, AV Homes Inc acquired home building assets of privately held, Central Florida-based Royal Oak Homes LLC.