David Weekley Homes Closes on the First FIVE NORTH Residential Land Sale

Peoria (October 15, 2025) – Vistancia has secured its first residential land transaction in FIVE NORTH at VISTANCIA, the 320-acre mixed-use commercial lifestyle destination located within the award-winning Vistancia master-planned community.

David Weekley Homes, a long-time builder within Vistancia, recently closed on 44 acres located along El Mirage Road, south of Ridgeline Road and just north of the American Leadership Academy charter school. The parcel is planned to include a mix of 117 single-family homes, 164 townhomes, and lifestyle amenities including a community pool, children’s playscape and open space.

“Vistancia is pleased to welcome these for-sale residential options to FIVE NORTH at VISTANCIA, offering walkable and open connections to the vibrant mixed-use urban center planned for retail, restaurants, a park, and open gathering areas,” said Mark Hammons, General Manager of Vistancia. “We are thrilled to continue our partnership and success with David Weekley Homes, and the momentum to achieve our vision to create a dynamic lifestyle destination to live, work, and connect.”

FIVE NORTH at VISTANCIA is planned to include a distinctive mix of commercial uses including an employment core, healthcare, office, education, luxury residential apartments, retail, restaurants, and parks and open space. The first phase of mixed-use development is currently in design and planned to include a fitness center and retail.

“We’re excited to be a part of the vision for FIVE NORTH at VISTANCIA and to expand our presence within the highly successful Vistancia community,” said Mark Weber, Phoenix Division President, David Weekley Homes. “This is a unique opportunity to provide residential options that appeal to buyers looking for a high-quality urban experience—connected, walkable, and surrounded by amenities that support an active, urban lifestyle.”

The City of Peoria owns and will be developing 56 acres at FIVE NORTH at VISTANCIA and has announced plans to build a medical district.

“This land transaction at FIVE NORTH at VISTANCIA is an exciting step forward in bringing this dynamic mixed-use destination to life,” said Richard Whiteley, co-president of IHP Capital Partners. “David Weekley Homes’ thoughtful approach to residential development will anchor the community with a diverse mix of beautiful new homes and amenities. Together, we are creating a vibrant environment where residents can truly flourish, while contributing to Peoria’s continued evolution as a thriving city.”

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About Vistancia and FIVE NORTH at VISTANCIA

The award-winning Vistancia community is located in Peoria and set amongst a stunning backdrop of Sonoran Desert mountain ranges featuring dramatic views of White Peak and Twin Buttes mountains, four lifestyle residential communities, a 3.5 mile Discovery Trail, private community recreation centers with resort-style pools, two K-8 schools, parks, and two golf courses including the private Blackstone Country Club and daily fee Trilogy Golf Club.

FIVE NORTH at VISTANCIA is a 320-acre mixed-use commercial lifestyle destination located within Vistancia. FIVE NORTH at VISTANCIA is envisioned to be a dynamic and vibrant lifestyle destination including employment, office, healthcare, education, mid-to high-density residential, retail, and restaurants.

Take Loop 303 to Lone Mountain Parkway (exit 127), Jomax Road (exit 126) or Vistancia Boulevard (exit 125). For more information about Vistancia and FIVE NORTH visit www.vistancia.com or www.visitfivenorth.com

About IHP Capital Partners
IHP Capital Partners was founded in 1992 and celebrates three decades of industry leadership as one of the nation’s leading real estate investment firms. The company facilitates a path to success for its investor and development partners by providing equity for residential projects throughout the country, with a focus on the western U.S. A tactical partner and trusted fiduciary, IHP’s track record is built on experience, expertise and long-term sustained partnerships with well-known institutional investors and a wide range of the industry’s most notable builders and developers. For more information, visit www.IHPInc.com. Follow the company on LinkedIn.

About Värde Partners
Värde Partners is a leading global alternative investment firm with roots in credit and distressed. Founded in 1993, the firm has invested $80 billion since inception and manages $15 billion on behalf of a global investor base. The firm’s investments span corporate and traded credit, real estate and mortgages, private equity and direct lending. Värde employs more than 300 professionals worldwide with offices in Minneapolis, New York, London, Singapore and other cities in Asia and Europe. For more information, please visit www.varde.com.

About David Weekley Homes
David Weekley Homes, founded in 1976, operates in 19 cities across the United States and is headquartered in Houston. David Weekley Homes was the first builder in the United States to be awarded the Triple Crown of American Home Building, an honor which includes “America’s Best Builder,” “National Housing Quality Award” and “National Builder of the Year.” Weekley Homes has been recognized 19 times by Great Place to Work® and Fortune magazine as one of the 100 Best Companies to Work For. Since inception, David Weekley Homes has closed more than 125,000 homes. For more information about David Weekley Homes, visit the company’s website at www.davidweekleyhomes.com.