as nyse wcic industry residential construction founded 1995 founder al hoffman jr. headquarters bonita springs fl area served eastern united states key people keith bass ceo russel devendorf cfo revenue us 444 million 2008 number of employees 650 2011 website wcicommunities.com wci communities inc. is an american home builder . the company offers single family and condominium homes . wci also provides design construction financing land purchases marketing and community management services . the company operates realty mortgage and title businesses . wci is based in bonita springs florida and develops new home communities in florida . wci also manages clubhouses golf courses restaurants and marinas in some of the communities it develops . contents 1 history 2 heated housing market 3 imported drywall 4 awards and community involvement 4.1 america s best builder 4.2 extreme makeover home edition 4.3 shark shootout golf tournament 5 communities 5.1 florida communities 5.2 florida sky homes 5.3 florida country clubs 6 references 7 external links history edit wci was founded in 1995 as wci communities inc purchased from westinghouse communities inc. retaining wci initials in their new name . in 2002 wci communities inc. issued an initial public offering and became a publicly traded company on the new york stock exchange trading under the symbol wci . wci s current chief executive officer and president is keith bass . wci reorganized and emerged as a new privately held company on september 3 2009 . 1 heated housing market edit wci specialized in luxury and second homes and had solid growth since its founding reaching a height of 2.6 b in sales and 186m in profit in 2005 . they were sharply affected by the 2005 real estate downturn . 2 several factors contributed to their need to reorganize . first a significant portion of their business was in high rise towers . once construction is started on high rise towers it is difficult to cease construction and thereby control cost . second wci speculated on large land purchases carrying large debt on land that was subsequently devalued . third their regular non tower communities had large unsold inventories that were also devalued during the downturn . 3 eventually the debt was too large to carry with their operating revenues and they filed for chapter 11 . imported drywall edit wci is one of many real estate developers affected by the chinese drywall controversy . 4 like many other builders they faced construction material supply shortages during the boom years and engaged contactors that used the faulty chinese drywall . the issue was made part of the bankruptcy reorganization . 5 claimants are represented by a trust established in the court approved plan of reorganization . awards and community involvement edit america s best builder edit the national association of home builders and builder magazine named wci america s best builder in 2004 . 6 extreme makeover home edition edit in january 2007 the company was featured on abc s extreme makeover home edition . together with volunteers sub contractors local businesses and tampa bay area residents wci rebuilt a home in 96 hours for the tate family on davis island who had lost their home in a plane crash . 7 shark shootout golf tournament edit wci is a major sponseor of the shark shootout golf tournament held at the tiburon golf resort in naples florida . tiburon is one of the communities developed by wci communities and features two golf courses and a ritz carlton hotel . the annual event is professional golf tournament founded by greg norman and benefits the national childhood cancer foundation communities edit florida communities edit artesia naples fl carrara at talis park naples fl estates at tuscany delray beach fl hampton park at gateway fort myers fl heron bay parkland fl lamorada naples fl livingston lakes naples fl pelican preserve fort myers fl raffia preserve naples fl the links at rosedale brandenton fl sarasota national venice fl shadow wood preserve fort myers fl timberwood preserve fort myers fl the colony bonita springs fl tidewater preserve bradenton fl venetian golf and river club venice fl westshore yacht club tampa fl florida sky homes edit altaira a sky homes tower community bonita springs fl florida country clubs edit lost key predido key fl venetian golf and country club north venice fl sarasota national golf club venice fl pelican preserve golf and country club fort myers fl raptor bay golf club bonita springs fl the colony golf & country club bonita springs fl tiburon golf & country club naples fl references edit wci press release chapter 11 emergence pdf . september 3 2009 . wci communities files for reorganization . july 29 2008 . wci s 2q losses climb to 100.2 million . august 5 2008 . wci supplied chinese drywall . january 28 2009 . wci communities reserved 11 million for chinese drywall problems . march 2 2009 . wci communities inc. public home builders council of america 2004 . check url value help . showtime for makeover . st. petersburg times . january 9 2007 . retrieved 2008 01 25 . external links edit wci communities inc. retrieved from https en.wikipedia.org w index.php title wci communities & oldid 742569661 categories companies based in floridahome builders1995 establishments in floridabonita springs floridacompanies listed on the new york stock exchangehidden categories pages with url errors navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 4 october 2016 at 13 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