The Real Deal Miami

Hammer time: Former U.S. Senator Jeff Flake joins homebuilder’s board

Flake, who also joined CBS News as a contributor, is now a director of Taylor Morrison, which acquired AV Homes last year
February 09, 2019 01:00PM

Jeff Flake (Credit: Getty, iStock)

Former U.S. Senator Jeff Flake, a Republican from Arizona, has entered the residential real estate business in his home state.

Once considered a possible candidate for U.S. president, Flake joined the board of directors of Taylor Morrison, a home building company based in Scottsdale, Arizona.

He served one term in the U.S. Senate, from 2013 to 2019, and decided in 2017 not to run for re-election in 2018.

Flake also has said he will not become a candidate for president in the 2020 election, dismissing speculation that he might run against President Donald Trump for the Republican nomination.

The former senator will serve as an independent director of Taylor Morrison, which has seven other directors. Flake will serve on the company’s nominating and governance committee.

Taylor Morrison expanded last year through its acquisition of another home building company, AV Homes, for nearly $1 billion.

“Taylor Morrison has an unrivaled reputation for quality and trust in the communities that it builds across the country,” Flake said in a prepared statement. “I look forward to joining this very talented group of directors and supporting the company in its focus on strategic growth and enhancing the customer experience.”

His post-Senate career also will encompass broadcasting: Flake has joined CBS News as a contributor. [Housing Wire]Mike Seemuth