PULTE CORPORATION
EXHIBIT 21 - SUBSIDIARIES OF THE REGISTRANT
Pulte Corporation (the Company) owns 100% of the capital stock of Pulte
Diversified Companies, Inc. (PDCI), Pulte Financial Companies, Inc. (PFCI),
Radnor Homes, Inc. and PC/Palm Beach, Inc., all Michigan corporations, and
100% of PB Venture L.L.C. and Pulte Land Company, LLC, both Michigan limited
liability companies, North American Builders Indemnity Company, a Colorado
corporation, Marquette Title Insurance Company, a Vermont corporation and RN
Acquisition 2 Corp., a Nevada corporation. The Company is a member of the
following limited liability companies:
Place of Percentage
Entity Name Formation Ownership
----------- --------- -----------
Grayhaven Estates Limited, L.L.C. Michigan 49%
City Homes Development L.L.C. Michigan 50%
Shorepointe Village Homes, L.L.C. Michigan 31.5%
Detroit City Homes L.L.C Michigan 45%
PDCI owns 100% of the capital stock of Pulte International Corporation, Pulte
Home Corporation (Pulte), American Title of the Palm Beaches Corporation and
Riverwalk Commerce Acquisition Corp., all Michigan corporations, First
Heights Bank, a federal savings bank, DiVosta and Company, Inc., a Florida
corporation and Pulte Michigan Services, LLC., a Michigan limited liability
company. PDCI owns 96% of American Title of the Palm Beaches, Ltd., a Florida
limited partnership.
Pulte International Corporation owns 100% of the capital stock of Pulte
International Mexico, Inc., Pulte International Caribbean Corp., Pulte Chile
Corporation, Pulte SA Corporation, Pulte Argentina Corporation and Pulte SRL
Corporation, all Michigan corporations.
Pulte International-Mexico, Inc. and Pulte own 99.99% and .01%, respectively,
of the capital stock of Controladora PHC, S.A. De C.V. (Controladora), a
Mexican corporation. Pulte International Mexico, Inc. owns .7% of Nantar, S.
De R.L. De C.V., a Mexican limited liability company and 1% of Pulte
Internacional Mexico S. De R.L. De C.V., a Mexican corporation. Controladora
owns 99.3% of Nantar, S. De R.L. De C.V., a Mexican limited liability
company, 99% of Pulte Internacional Mexico S. De R.L. De C.V., a Mexican
corporation, and 66.67% of Condak-Pulte S. De R.L. De C.V., 50% of CIV-Pulte
S. De R.L. De C.V., 50% of Sand-Pulte S. De R.L. De C.V and 50% of DRT-Pulte,
all Mexican joint ventures.
Pulte International Caribbean Corp. owns 100% of the capital stock of Pulte
International Building Corporation, a Michigan corporation.
Pulte Chile Corporation owns 99% and Pulte SA Corporation owns 1% of Pulte de
Chile Limitada, a Chilean limited partnership. Pulte Chile Corporation owns
99.9% and Pulte SA Corporation owns .1% of Residencias del Norte Limitada, a
Chilean limited liability company.
American Title of the Palm Beaches Corporation owns 4% of American Title of
the Palm Beaches, Ltd., a Florida limited partnership.
DiVosta and Company, Inc. owns 100% of the capital stock of Abacoa Homes,
Inc., DiVosta Homes, Inc., Florida Building Products, Inc., Florida Club
Homes, Inc., Hammock Reserve Development Company, Island Walk Development
Company, RiverWalk of the Palm Beaches Development Company, Inc., SunCo
Building Corporation, Village Walk Development Company, Inc., and DiVosta
Home Sales, Inc., all Florida corporations.
PFCI owns 100% of the capital stock of Guaranteed Mortgage Corporation III, a
Michigan corporation.
Radnor Homes, Inc. owns 25.6% and RN Acquisition 2 Corp. owns 74.4% of Pulte
Homes Tennessee Limited Partnership, a Nevada limited partnership.
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PULTE CORPORATION
EXHIBIT 21 - SUBSIDIARIES OF THE REGISTRANT (continued)
PC/Palm Beach, Inc. owns 50% of Florida Investment Venture, a general
partnership.
PB Venture L.L.C. owns 100% of PC/BRE Venture L.L.C., a Delaware limited
liability company.
PC/BRE Venture L.L.C. owns 100% of PC/BRE Development L.L.C., PC/BRE Whitney
Oaks L.L.C., PC/BRE Winfield L.L.C. and PC/BRE Springfield L.L.C., all
Delaware limited liability companies, and 40% of the capital stock of
Springfield Realty Corporation, a Michigan corporation.
PC/BRE Springfield L.L.C. owns 88% of Springfield Golf Resort, L.L.C., an
Arizona limited liability company.
Pulte owns 100% of the capital stock of the following subsidiaries:
Place of
Incorporation/
Company Name Formation
------------ --------------
Pulte Mortgage Corporation (1)............................ Delaware
Pulte Homes of Michigan Corporation (2)................... Michigan
Palmville Development Corp. .............................. Michigan
Ceiba Homes Inc. ......................................... Michigan
Gurabo Homes, Inc. ....................................... Michigan
Salinas Homes, Inc. ...................................... Michigan
Salinas Builders, Inc. ................................... Michigan
Dean Realty Company (3)................................... Michigan
Pulte Development Corporation............................. Michigan
Lexington Oaks Golf Club, Inc. ........................... Florida
Preserve I, Inc. (4)...................................... Michigan
Preserve II, Inc. (4)..................................... Michigan
Pulte Homes of Minnesota Corporation...................... Minnesota
PBW Corporation (8)....................................... Michigan
Wil Corporation (8)....................................... Michigan
Homesite Solutions Corp................................... Michigan
Pulte Home Corporation of The Delaware Valley (7)......... Michigan
Pulte Homes of South Carolina, Inc. (5)................... Michigan
Pulte Lifestyle Communities, Inc.......................... Michigan
Pulte Payroll Corporation................................. Michigan
PHC Title Corporation (9)................................. Michigan
PQL Realty Corporation.................................... Michigan
Pulte Land Development Corporation........................ Michigan
TVM Corporation (6)....................................... Michigan
James T. Lynch, Inc....................................... Texas
Pulte Homes of Greater Kansas City, Inc................... Michigan
PN I, Inc. (10)........................................... Nevada
PN II, Inc. (10).......................................... Nevada
PHT Title Corporation (13)................................ Michigan
Residential Building Systems LLC.......................... Michigan
Frederick Holding Corp.................................... Michigan
Pulte Home Corporation of New England (12)................ Michigan
Carr's Grant LLC.......................................... Maryland
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PULTE CORPORATION
EXHIBIT 21 - SUBSIDIARIES OF THE REGISTRANT (continued)
1) Pulte Mortgage Corporation owns 100% of the capital stock of PCIC
Corporation, a Michigan corporation, Joliet Mortgage Reinsurance
Company, a Vermont corporation and 22.9% of the capital stock of
Hipotecaria Su Casita, S.A. De C.V., a Mexican corporation.
2) Pulte Homes of Michigan Corporation owns 100% of the capital stock
of Gulf Partners, Inc., Sean/Christopher Homes, Inc., and Pulte-IN
Corporation, all Michigan corporations, 100% of the capital stock
of Pulte Homes of Ohio Corporation, an Ohio corporation and 1% of
Haggerty Hills Limited Partnership, a Michigan limited
partnership. Sean/Christopher Homes, Inc. and Pulte-IN Corporation
each own 50% of Sean/Christopher Homes, LLC, an Indiana limited
liability company. Gulf Partners, Inc. owns 99% of Haggerty Hills
Limited Partnership, a Michigan limited partnership.
3) Dean Realty Company owns 100% of the capital stock of Pulte Real
Estate Company, a Florida corporation.
4) Preserve I, Inc. owns 99% and Preserve II, Inc. owns 1% of The
Preserve Limited Partnership, a Maryland limited partnership.
5) Pulte Homes of South Carolina, Inc. owns 100% of the capital stock
of Great American Homes, Inc. and SC Warranty Corporation, both
Michigan corporations.
6) TVM Corporation owns 63% of PHM Title Agency L.L.C., a Delaware
limited liability company.
7) Pulte Home Corporation of The Delaware Valley owns 50% of P&H
Clinton Partnership.
8) PBW Corporation owns 1% and Wil Corporation owns 99% of Wilben II
Limited Partnership, a Maryland limited partnership. PBW
Corporation owns 5% and Wil Corporation owns 95% of Wilben, LLLP,
a Maryland limited partnership. PBW Corporation and Wil
Corporation each own 50% of One Willowbrook L.L.C., a Maryland
limited liability company. Wil Corporation owns 100% of Harrison
Hills, LLC, a Maryland limited liability company.
9) PHC Title Corporation owns 80% of Pulte Title Agency of Minnesota,
L.L.C., a Minnesota limited liability company and 99% of PHT Title
Agency, L.P., a Texas limited partnership. PHC Title Corporation
also owns 49% of Pulte Title Agency of Ohio, LLC, an Ohio limited
liability company and 49% of Pulte Title Agency of Michigan
L.L.C., a Michigan limited liability company.
10) PN I, Inc., owns .1% and PN II, Inc. owns 99.9% of Pulte Homes of
Texas, L.P, and Devtex Land, L.P., both Texas limited partnership.
12) Pulte Home Corporation of New England owns 99% of Willow Brook
Associates Limited Partnership, a Massachusetts limited
partnership and 100% of Forest Hills Development of Mass. LLC, a
Michigan limited liability company.
13) PHT Title Corporation owns 1% of PHT Title Agency, L.P., a Texas
limited partnership.
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PULTE CORPORATION
EXHIBIT 21 - SUBSIDIARIES OF THE REGISTRANT (continued)
Pulte is a member of the following entities:
Place of Percentage
Entity Name Formation Ownership
----------- --------- ---------
Ashgrove Plantation L.L.C..................... Virginia 34.44%
Buildinvest Limited Partnership............... Maryland 33.33%
Crosland/Piper Glen Ltd. Partnership.......... N. Carolina 31.37%
Crosland/Wynfield Forest Limited Partnership.. N. Carolina 28.57%
Quantrell Mews, L.L.C......................... Virginia 20.00%
Springfield Realty Corporation................ Michigan 60.00%
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