EXHIBIT 21
PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT
AT DECEMBER 31, 2004
Pulte Homes, Inc. (the Company) owns 100% of the capital stock of Pulte
Diversified Companies, Inc., Pulte Financial Companies, Inc. (PFCI), Radnor
Homes, Inc., Pulte.com, Inc., PH1 Corporation, and Pulte Realty Holdings, Inc.,
Inc., all Michigan corporations, North American Builders Indemnity Company, a
Colorado corporation, Marquette Title Insurance Company, a Vermont corporation,
RN Acquisition 2 Corp., a Nevada corporation, Del Webb Corporation (Del Webb), a
Delaware corporation and 100% of PB Venture L.L.C., Pulte Land Company, LLC,
Pulte Michigan Services, LLC, Pulte Homes of Michigan, LLC, Pulte Homes of Ohio,
LLC, Pulte Aviation I LLC, and Pulte Aviation II LLC, all Michigan limited
liability companies. The Company is a member of the following corporation and
limited liability companies:
ENTITY NAME PLACE OF FORMATION PERCENTAGE OWNERSHIP
----------- ------------------ --------------------
Grayhaven Estates Limited, L.L.C. Michigan 99%
City Homes Development L.L.C. Michigan 50%
Shorepointe Village Homes, L.L.C. Michigan 82.5%
Contractors Insurance Company of North
America, Inc., a Risk Retention Group Hawaii .01%
Pulte Diversified Companies, Inc. owns 100% of the capital stock of Pulte
International Corporation, Pulte Home Corporation (PHC) and American Title of
the Palm Beaches Corporation, all Michigan corporations, First Heights Bank, a
federal savings bank and PH5 Corporation, a Delaware corporation.
Pulte International Corporation owns 100% of the capital stock of Pulte
International Caribbean Corp., Pulte Chile Corporation, Pulte SA Corporation,
all Michigan corporations, PIMI Holdings LLC, a Michigan limited liability
company and 99% of Pulte International Mexico Limited Partnership, a Michigan
limited partnership. PIMI Holdings LLC owns 1% of Pulte International Mexico
Limited Partnership, a Michigan limited partnership.
Pulte International Mexico Limited Partnership owns 100% of Pulte SRL Holdings,
LLC, a Michigan limited liability company. Pulte International Mexico Limited
Partnership and Pulte SRL Holding, LLC own 98% and 2%, respectively, of Pulte
S.R.L, an Argentine limited partnership. Pulte International Mexico Limited
Partnership and PHC own 99.99% and .01%, respectively, of the capital stock of
Controladora PHC, S.A. de C.V. (Controladora), a Mexican corporation and Pulte
International Mexico Limted Partnership owns 3.3% of Pulte Mexico Division
Norte, S. de R.L. de C.V., also a Mexican corporation. Pulte International
Mexico Limited Partnership owns .1% of Nantar S. de R.L. de C.V., .01% of Pulte
Bajio Construcciones S. de R.L. de C.V., .01% of Pulte Mexico Division Centro
Sur S. de R.L. de C.V., 1% of Pulte Internacional Mexico S. de R.L. de C.V., and
..1% of Pulte Mexico Asesores Inmobiliarios, S. de R.L. de C.V., all Mexican
limited liability companies. Controladora owns 99.9% of Nantar, S. de R.L. de
C.V., a Mexican limited liability company, 63.8% of Pulte Mexico S. de R.L. de
C.V. (Pulte Mexico), and 99% of Pulte Internacional Mexico S. de R.L. de C.V.,
both Mexican limited liability companies, 25% of Residencial Riviera, S.A. de
C.V., a Mexican corporation, and 25% of Ciudad Riviera, S.A. de C.V., a Mexican
corporation. Pulte Mexico owns 99.99% of Pulte Mexico Division Centro Sur S. de
R.L. de C.V., 99.9% of Pulte Mexico Asesores Inmobiliarios, S. de R.L. de C.V.
and 99.99% of Pulte Bajio Construcciones S. de R.L. de C.V., both Mexican
limited liability companies, and 96.7% of Pulte Mexico Division Norte, S. de
R.L. de C.V., a Mexican corporation.
Pulte International Caribbean Corp. owns 100% of the capital stock of Pulte
International Building Corporation, a Michigan corporation. Pulte International
Building Corporation owns 50% of Desarrolladores Urbanos (Canovanas) SE, 50% of
Mayaguez Partners, S.E., and 50% of Andrea's Court, S.E., all Puerto Rican
general partnerships.
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.
PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (CONTINUED)
PH5 Corporation owns 100% of the capital stock of DiVosta Homes Holdings,
LLC a Delaware limited liability company and 99% of DiVosta Homes, LP, a
Delaware limited partnership. DiVosta Home Holdings, LLC owns 1% of
DiVosta Homes, L.P., a Delaware limited liability company.
DiVosta Homes, L.P. owns 100% of the capital stock of DiVosta Homes
Marketing, Inc., Florida Building Products, Inc., Florida Club Homes,
Inc., , Island Walk Development Company, RiverWalk of the Palm Beaches
Development Company, Inc., DiVosta Building Corporation, Village Walk
Development Company, Inc., Island Walk Realty, Inc. and DiVosta Home
Sales, Inc., all Florida corporations. DiVosta Homes, L.P. owns 100% of
the capital stock of PH3 Corporation, a Michigan corporation.
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.
Pulte Realty Holdings, Inc. owns 100% of the capital stock of Pulte RC,
LLC, a Michigan limited liability company, Pulte Realty Corporation, an
Arizona corporation and 99% of Pulte International Caribbean II, Limited
Partnership, a Michigan limited partnership. Pulte RC, LLC owns 1% of
Pulte International Caribbean II, Limited Partnership, a Michigan limited
partnership.
North American Builders Indemnity Company owns 99.99% of the capital stock
of Contractors Insurance Company of North America, Inc., a Risk Retention
Group, a Hawaii Corporation.
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.
PC/BRE Springfield L.L.C. owns 88% of Springfield Golf Resort, L.L.C., an
Arizona limited liability company.
Marquette Title Insurance Company owns 100% of Pulte Services California,
LLC, a Michigan limited liability company.
Pulte Homes of Michigan, LLC owns 100% of the capital stock of Pulte
IN-Corporation and Sean/Christopher Homes, Inc., Pulte Purchasing
Corporation,all Michigan corporations, 100% of Pulte Home Sciences, LLC, a
Michigan limited liability company and 99% of Pulte Homes of Michigan I
Limited Partnership, a Michigan limited partnership. Pulte In-Corporation
and Sean/Christopher Homes, Inc. each own 50% of Pulte Homes of Indiana,
LLC, an Indiana limited liability company.
Pulte Homes of Ohio, LLC owns 100% of the capital stock of Butterfield
Properties, LLC, an Ohio limited liability company.
PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (CONTINUED)
PHC owns 100% of the capital stock or is sole member of the following
subsidiaries:
PLACE OF
COMPANY NAME INCORPORATION/FORMATION
- ------------ -----------------------
Pulte Mortgage LLC (1)................................ Delaware
Lexington Oaks Golf Club, Inc......................... Florida
Preserve I, Inc. (2).................................. Michigan
Preserve II, Inc. (2)................................. Michigan
TVM Corporation (3)................................... Michigan
Pulte Homes of Minnesota Corporation.................. Minnesota
Pulte Home Corporation of The Delaware Valley (4)..... Michigan
PBW Corporation (5)................................... Michigan
Wil Corporation (5)................................... Michigan
Homesite Solutions Corporation........................ Michigan
Pulte Homes of South Carolina, Inc.................... Michigan
Pulte Lifestyle Communities, Inc...................... Michigan
Pulte Payroll Corporation............................. Michigan
PHC Title Corporation (6)............................. Michigan
Pulte Land Development Corporation.................... Michigan
Pulte Homes of Greater Kansas City, Inc............... Michigan
PN I, Inc. (7)........................................ Nevada
PN II, Inc. (7)....................................... Nevada
PHT Title Corporation (8)............................. Michigan
Lone Tree Golf Club, LLC.............................. Michigan
Pulte Michigan Holdings Corporation (9)............... Michigan
Chandler Natural Resources Corporation (10)........... Michigan
Edinburgh Realty Corporation.......................... Michigan
Pulte Homes of New York, Inc. (14).................... Michigan
PH2 Corporation....................................... Michigan
PHNE Business Trust (11).............................. Massachusetts
Fox Glen Retreat, L.L.C............................... Michigan
Gatestone, L.L.C. .................................... Michigan
Pulte Development Corporation (12).................... Michigan
Pulte Services Corporation............................ Michigan
Grand Place Hayward, LLC.............................. California
Clairmont, L.L.C...................................... Michigan
Corte Bella Golf Club, LLC............................ Michigan
JNN Properties, LLC................................... Michigan
Pulte Development New Mexico, Inc..................... Michigan
Pulte Homes of New Mexico, Inc........................ Michigan
Pulte Realty of New York, Inc......................... New York
Pulte Realty of South Jersey, Inc..................... Michigan
Pulte Trades of North Carolina, LLC................... Michigan
Pulte Georgia Holdings, LLC (14)...................... Michigan
PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (CONTINUED)
1) Pulte Mortgage LLC owns 100% of the capital stock of PCIC
Corporation and Pulte Funding, Inc., both Michigan corporations,
Joliet Mortgage Reinsurance Company, a Vermont corporation, Del Webb
Mortgage LLC, a Delaware limited liability company, 22.2% of the
capital stock of Hipotecaria Su Casita, S.A. de C.V., a Mexican
corporation, and 22.19% of Fideicomiso 102412, a Mexican business
trust. Fideicomiso 102412 owns 55.15% of Interesa, S.A. de C.V.,
Sociedad Operadora de Sociedados de Inversion, a Mexican
corporation. Hipotecaria Su Casita S.A. de C.V. owns 99% of
Consorcio Inmobiliario Su Casita, S.V. de C.V. and Corporacion
Activa de Servicios De Administracion, S.A. de C.V., both Mexican
corporations.
2) Preserve II, Inc. owns 99% and Preserve I, Inc. owns 1% of Pulte
Communities NJ, Limited Partnership, a Michigan limited partnership.
Preserve II, Inc. also owns 99% of Pulte Homes of NJ, Limited
Partnership, 99% of Pulte Homes of PA, Limited Partnership, and 99%
of Upper Gwynedd Development, Limited Partnership, all Michigan
limited partnerships. Preserve I, Inc. also owns 100% of the capital
stock of HydroSource Acquisitions, Inc., a Michigan corporation, and
100% of Pulte Urban Renewal, LLC and Jersey Meadows, LLC, both New
Jersey limited liability companies.
3) TVM Corporation owns 63% of PHM Title Agency L.L.C., a Delaware
limited liability company.
4) Pulte Home Corporation of The Delaware Valley owns 1% of Pulte Homes
of NJ, Limited Partnership, 1% of Pulte Homes of PA, Limited
Partnership, and 1% of Upper Gwynedd Development, Limited
Partnership, all Michigan partnerships.
5) PBW Corporation owns 99% and Wil Corporation owns 1% 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, LLC, a Maryland limited liability company.
Wil Corporation also owns 100% of Highlands One, H.D. Investments I,
L.L.C., Bel North, LLC, William's Field at Perry Hall, L.L.C.,
Carr's Grant, LLC, Harrison Hills, LLC, Campus Lakes, LLC, August
Woods, LLC and Lyons, LC, all Maryland limited liability companies.
6) PHC Title Corporation owns 80% of Pulte Title Agency of Minnesota,
L.L.C., a Minnesota limited liability company, 99% of PHT Title
Agency, L.P., a Texas limited partnership, 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.
7) PN I, Inc. owns .1% and PN II, Inc. owns 99.9% of Devtex Land, L.P.,
a Texas limited partnership; PN II, Inc. also owns 100% of the
capital stock of Pulte Texas Holdings, Inc., a Michigan corporation,
100% of Pratte Acquisition, LLC, a Michigan limited liability
company, and 100% of PN III, LLC, a Delaware limited liability
company. PN I, Inc. owns .1% and Pulte Texas Holdings, Inc. owns
99.9% of Pulte Homes of Texas, L.P., a Texas limited partnership.
Pulte Homes of Texas, L.P. owns 100% of PHT Operating Company LLC, a
Michigan limited liability company. Pulte Homes of Texas, L.P. owns
99.9% and PHT Operating Company LLC owns .1% of PHT Building
Materials Limited Partnership, a Michigan limited partnership. PN
II, Inc. and PHT Building Materials each own 14.29% of Pulte
Purchasing Corporation. PN I, Inc. also owns 1% of Grayhaven Estates
Limited, L.L.C., a Michigan limited liability company. PN II, Inc.
owns 100% of Pratte Acqusition, LLC, a Michigan limited liability
company. Pratte Acquisition, LLC owns 50% of Pratte Holding Company,
L.L.C., a Nevada limited liability company. Pratte Holding Company,
L.L.C. owns 100% of Pratte Building Systems, L.L.C. (AZ), an Arizona
limited liability company; Pratte Building Systems, L.L.C. (NV), a
Nevada limited liability company; and Pratte Building California
LLC, a Michigan limited liability company. Pratte Holding Company
also owns 99% and Pratte Building California LLC owns 1% of Pratte
Building Systems, Limited Partnership, a Michigan limited liability
company.
8) PHT Title Corporation owns 1% of PHT Title Agency, L.P., a Texas
limited partnership.
9) Pulte Michigan Holdings Corporation owns 1% of Pulte Homes of
Michigan I Limited Partnership, a Michigan limited partnership.
10) Chandler Natural Resources Corporation owns 100% of Chandler DJ
Basin LLC, a Michigan limited liability company.
11) PHNE Business Trust owns 100% of Pulte Homes of New England LLC, PHS
Virginia Holdings, LLC, and BMD Development, LLC, all Michigan
limited liability companies, 100% of GI Development Business Trust,
a Massachusetts business trust and 99% of PHS Virginia Limited
Partnership, a Michigan limited partnership.
PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (CONTINUED)
Pulte Homes of New England, LLC owns 100% of the capital stock of
Coachman Development, LLC, Hilltop Farms Development, LLC, Oceanside
Village, LLC and South Natick Hills, LLC, all Michigan limited
liability companies. Pulte Homes of New England, LLC also owns 100%
of Herring Pond Development Corporation and MALDP Development
Corporation, both Michigan corporations, and 99% of Willow Brook
Associates Limited Partnership, a Massachusetts limited partnership.
PHS Virginia Holdings, LLC owns 1% of PHS Virginia Limited
Partnership, a Michigan limited partnership. PHS Virginia Limited
Partnership owns 100% of Pulte Home Sciences of Virginia, LLC, a
Michigan limited liability company.
GI Development Business Trust owns 100% of the capital stock of
Great Island Community, LLC, a Michigan limited liability company.
12) Pulte Development Corporation owns 14.29% of Pulte Purchasing
Corporation, a Michigan corporation, and 50% of PH Arizona LLC, a
Michigan limited liability company. PH Arizona LLC owns 100% of the
capital stock of Pulte Arizona Services, Inc., a Michigan
corporation. Pulte Arizona Services, Inc. owns 100% of the capital
stock of Dean Realty Company, Springfield Realty Corporation and PQL
Realty Corporation, all Michigan corporations, and Del Webb
Community Management Co., an Arizona Corporation. Dean Realty
Company owns 100% of Pulte Real Estate Company, a Florida
corporation.
13) Pulte Georgia Holdings, LLC, owns 100% of RCC Georgia Investor III,
LLC, a Delaware limited liability company. RCC Georgia Investor III,
LLC owns .003363% of Related Gordon Armstrong Associates LLC, which
owns 99.98% of Gordon Armstrong, LP.; .00722% of Related Capital Oak
Hill Partners LLC, which owns 99.98% of CMP CHP Oak Hill, LP; and
.01% of Related Hollywood/Shawnee Associates LLC, that owns 99.98%
of Hollywood/Shawnee Redevelopment Partnership I, L.P.
14) Pulte Homes of New York, Inc. owns 47.48% of Tallmadge Woods STP
Associates LLC, both New York limited liability companies.
PHC is a member or owns capital stock in the following entities:
PLACE OF PERCENTAGE
ENTITY NAME FORMATION OWNERSHIP
- ----------- --------- ---------
Spa L Builders LLC............................... California 38.60%
Fallsgrove Associates LLC........................ Maryland 35.36%
Chase Triple M, LLC.............................. Delaware 51.61%
Fieldstone Estates, L.L.C........................ Arizona 50.00%
PH Arizona LLC................................... Michigan 50.00%
Stetson Venture II, LLC.......................... Arizona 50.00%
PL Roseville, LLC................................ California 50.00%
Potomac Yard Development LLC..................... Delaware 50.00%
Pulte Purchasing Corporation..................... Michigan 14.29%
Controladora PHC, S.A. de C.V.................... Mexico .01%
Fort Lincoln-Pulte Limited Liability Company..... Dist. of Columbia 1.00%
Pulte/BP Murrieta Hills, LLC..................... California 70.00%
CP Sunridge, LLC................................. Delaware 50.00%
Rancho Diamante Investments, LLC................. California 25.00%
LPC One Development Partners, LLC................ Delaware 33.00%
PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (CONTINUED)
Del Webb owns 100% of the capital stock or is sole member of the following
subsidiaries:
PLACE OF
COMPANY NAME INCORPORATION/FORMATION
- ------------ -----------------------
Del Webb's Coventry Homes, Inc. (1)................ Arizona
Del Webb's Spruce Creek Communities, Inc. (2)...... Arizona
Sun City Homes, Inc. (3)........................... Nevada
Del Webb Construction Services Co. (4)............. Arizona
Del Webb Commercial Properties Corporation (5)..... Arizona
New Mexico Asset Corporation ...................... Arizona
Del Webb Communities, Inc. (6)..................... Arizona
Asset One Corp. (7)................................ Arizona
Asset Five Corp.................................... Arizona
Del Webb California Corp. (9)...................... Arizona
Del E. Webb Financial Corporation.................. Arizona
Del Webb Golf Corp................................. Arizona
Del Webb Homes, Inc................................ Arizona
Del Webb Purchasing Company of Illinois, Inc...... Arizona
Del Webb Property Corp............................. Arizona
Del Webb Title Company of Nevada, Inc.............. Nevada
Del Webb MidAtlantic Corp.......................... Arizona
DW Aviation Co..................................... Arizona
DW Homebuilding Co................................. Arizona
Mountain View Two, LLC............................. Arizona
Pulte Midwest Title, Inc........................... Arizona
Terravita Corp..................................... Arizona
Terravita Home Construction Co..................... Arizona
PH4 Corporation.................................... Michigan
Del Webb Communities of Illinois, Inc. 8........... Arizona
Del Webb also owns 100% of Asset Seven Corp., an Arizona corporation, and 1% of
New Mexico Asset Limited Partnership, an Arizona limited partnership.
PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (CONTINUED)
1) Del Webb's Coventry Homes, Inc. owns 100% of the capital stock of
Del Webb's Coventry Homes Construction Co., Del Webb's Coventry
Homes of Nevada, Inc. and Del Webb communities of Virginia, Inc.,
all Arizona corporations and 50% of 56th and Lone Mountain, L.L.C.
an Arizona limited liability company.
2) Del Webb's Spruce Creek Communities, Inc. owns 100% of the capital
stock of Spruce Creek South Utilities, Inc., a Florida corporation.
3) Sun City Homes, Inc. owns 100% of the capital stock of Marina
Operations Corp., an Arizona corporation.
4) Del Webb Construction Services, Co. owns 100% of the capital stock
of Del Webb Southwest Co., an Arizona corporation and .1% of Del E.
Webb Development Co., L.P., a Delaware limited partnership. Del Webb
Southwest Co. owns 100% of the capital stock of Del Webb Texas Title
Agency Co., an Arizona corporation and 1% of Del Webb Texas Limited
Partnership, an Arizona limited partnership.
5) Del Webb Commercial Properties Corporation owns 100% of the capital
stock of Del E. Webb Foothills Corporation, an Arizona corporation.
6) Del Webb Communities, Inc., owns 100% of the capital stock of Del
Webb Limited Holding Co., Del Webb Home Construction, Inc.,
Thunderbird Lodge Holding Corp., Del Webb's Contracting Services,
Inc., Sun City Title Agency Co., Sun State Insulation Co. Inc., Del
Webb's Sunflower of Tucson, Inc., all Arizona corporations, and Sun
City Sales Corporation, a Michigan corporation. Del Webb
Communities, Inc. also owns 99.9% of Del E. Webb Development Co.
L.P., a Delaware limited partnership, 50% of North Valley
Enterprises, LLC, a Nevada limited liability company, 25% of
Terravita Home Construction Co., and 14.29% of Pulte Purchasing. Del
Webb Limited Holding Co. owns 99% of Del Webb Texas Limited
Partnership, an Arizona limited partnership.
7) Asset One Corp. owns 50% of Mountain View One LLC, an Arizona
limited liability company.
8) Del Webb Communities of Illinois, Inc. owns 100% of Anthem Arizona,
LLC, an Arizona limited liability company.
9) Del Webb California Corp. owns 14.29% of Pulte Purchasing
Corporation, a Michigan corporation.