Sunbelt Holdings was created as a subsidiary to our once parent company, Sunbelt Holdings, S.A., which was founded in the Grand Duchy of Luxembourg in 1979, as an investment company with assets held principally in real estate. The majority of the firm’s holdings were located in the southwestern United States, specifically in the economically active region known as the “Sunbelt”.
Sunbelt Holdings, Inc. was formed to engage in land and commercial property development and management, as well as various other financial ventures. One of the principal shareholders of Sunbelt Holdings, S.A. was The Andenaes Group of Norway, a well established and highly successful company with many different business interests throughout Europe. Tor Andenaes moved his family from Norway in the early 1980’s to help establish this new entity. Tor remains an active owner and member of Sunbelt today, although his principal residence is in Norway.
At the beginning, a strategy was set in place to locate and acquire undervalued or underutilized property, identify opportunities to increase asset value, and apply creative solutions to achieve that objective—a strategy that has proven to be exceptionally successful.
The selection of Phoenix as headquarters for Sunbelt Holdings proved to be a prudent choice. At the time of the company’s arrival in Arizona, Phoenix was in the midst of dramatic and diversified growth, but with few well-established major developers. Sunbelt quickly positioned itself as a leader in the marketplace.
In the mid 1990’s, Sunbelt widened the scope of business to include acquisition and development of award-winning master-planned communities primarily in Arizona, which included McDowell Mountain Ranch, The Legacy, Johnson Ranch, Power Ranch, and Vistancia.
Over the years, Sunbelt has been extremely fortunate to have acquired and maintained an impressive group of qualified and highly skilled professionals who have made the company successful, and secured our position as an important part of the community.
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