AV Homes, Inc. engages in the homebuilding, community development, and land sale businesses in Florida, Arizona, and North Carolina markets. The company operates through three segments: Active Adult Communities, Primary Residential Communities, and Land Sales. It is involved in the acquisition, development, and building of active adult and primary residential home communities, and the construction and sale of residences within the communities. The company also engages in other real estate activities, such as the operation of amenities; and the sale of commercial, industrial, or other land. As of December 31, 2014, it owned 3,505 developed residential lots; 2,853 partially developed residential lots; 9,572 undeveloped residential lots; and 7,220 acres of mixed use, commercial, and industrial land. The company was formerly known as Avatar Holdings Inc. and changed its name to AV Homes, Inc. in February 2012. AV Homes, Inc. was founded in 1970 and is headquartered in Scottsdale, Arizona.