Blu Homes, a builder of green prefab homes, has raised an institutional round of investment totaling over $65 million. The full announcement is below:
Blu Homes Raises Over $65 Million
Company to Build Display Homes Nationwide
SAN FRANCISCO and WALTHAM, MA—June 25, 2013—Blu® Homes, Inc. (“Blu”), the leading builder of precision-engineered, green prefab homes, today announced that it has completed an institutional round of investment, totaling over $65 million.
One of the strategic uses of the funding is to make capital investment focused on building a series of 15-20 display homes in key markets across the United States. The first two display homes, which will open for tours in Los Angeles and the San Francisco Bay Area’s Mare Island later this year, are currently being built in Blu Homes’ factory. Display homes are also slated for Silicon Valley, Seattle, Denver, New York and Boston—all areas where Blu currently has a full-time staff. Additional markets will continue to be announced over the coming months.
“We’re extremely proud of the sales momentum we have built to date with only limited access to model homes,” said Brett Chisholm, Blu Homes senior vice president, sales and customer experience. “The easiest way for customers to understand the extraordinary quality and beauty of a Blu home is to experience one in person. This investment will provide easier access to Blu’s homes for thousands of families all across America.”
Like all Blu homes, the display homes will be built in the Company’s state-of-the-art California factory, transported by truck, and then “unfolded” on site. Blu’s proprietary building science technology allows its homes to be folded for quick and cost-effective transportation and setting on site, making for a drastically reduced building timeline, while simultaneously allowing the homes to have taller ceilings (up to 16 feet) and spacious light-filled interiors. All of this is done at a pre-agreed, fixed cost. Customers can design their own Blu homes for free online in 3-D with the Blu Configurator.
All Blu Homes are LEED Silver certifiable and are solar-ready. Beyond the standard green features that Blu includes in every home, such as recycled steel framing, radiant heat flooring, high R-value walls and energy-efficient appliances, Blu Homes can achieve net zero energy status, Energy Star rating and higher LEED certifications with the inclusion of other available green elements.
For more information on Blu Homes, go to www.bluhomes.com, follow us on Facebook (www.facebook.com/bluhomes) and Twitter (@BluHomes), or email us at email@example.com.
About Blu Homes
Blu Homes, Inc. is the leading provider of beautiful and green precision-built prefab homes in North America. Built in its own 250,000-square-foot state-of-the-art manufacturing facility in Vallejo, California, Blu’s inspired and nationally recognized homes can be found from New York to the Colorado Mountains and the Pacific Coast. Blu’s proprietary steel framing and building technology result in homes that are as strong as they are beautiful; ship efficiently; and are conveniently finished on site by our own teams. Blu homes are more economical, healthier to live in, require lower maintenance, and are much stronger than conventional construction. Visit www.bluhomes.com. Blu is also the proud builder of the Sunset magazine 2012 Idea House in Healdsburg, California. For more information on the Sunset Idea House, click here.
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