While founded in 2007, the principals of Hanover Capital Partners have a long legacy of active residential and commercial development in Central Florida. William (“Bill”) Orosz moved to Central Florida in 1981 to run Catalina Homes, a small local home builder. Bill and his partner grew the business and sold the company to American Pioneer Savings Bank in 1985. Bill continued to manage the company until he started Cambridge Homes in 1991 which grew to be one of the largest private home builders in Central Florida with satellite operations in Charlotte, North Carolina. The company was sold to K. Hovnanian Enterprises (A NYSE Company & 6th largest builder in the U.S.) in 2005. In 2010, the Orosz family guided by sons Stephen and Matthew, successfully launched Royal Oak Homes which was sold in 2013 to AV Homes, Inc. (A NYSE Company). All in, the company has built more than 25,000 homes and developed more than 10,000 residential lots.
Throughout the Orosz family history, its homes, developments and management teams have received numerous awards and accolades for design excellence, quality construction, fast‑track growth, philanthropic initiatives and for operating as one of the top 100 builders in the United States (both by unit count and dollar volume).
Bill Orosz, a graduate of Dartmouth College and Harvard Business School, began his career in Naples, Florida, with a leading national homebuilder. He later joined Savill & Company in Indianapolis where he created one of the state's largest property management companies overseeing the management of 6,000 apartments and 2 million square feet of office space. In addition to property management, Orosz formed Savill Builders & Associates which grew into one of the largest custom homebuilders in the greater Indianapolis market.
In 1980, Orosz moved to Orlando where he became President and Chief Executive Officer of Catalina Homes, a small local residential building company. During his eleven-year tenure with Catalina, sales grew from 69 homes per year to more than 1,200 a year with operations throughout the State of Florida and in Indianapolis, Indiana.
In 1991, Orosz formed Cambridge Homes, Ltd., as a Central Florida residential building company. In 1997 the company expanded housing operations into Charlotte, North Carolina, became active in land development through its sister company, Cambridge Development, Ltd., and in mortgage financing through Cambridge Mortgage Company, LLC.
In 2005, after having constructed more than 14,000 homes in Central Florida and North Carolina, Orosz sold all of the Cambridge entities, with the exception of land development operations, to K. Hovnanian Enterprises, Inc., of Red Bank, New Jersey. At the time, Hovnanian was 6th largest builder in the United States and publicly traded on the New York Stock Exchange.
In May, 2007, Orosz formed Hanover Capital Partners to continue managing the land development assets of Cambridge Development and to pursue new residential, commercial and industrial land development opportunities.
In addition to his business endeavors, Orosz has been involved in the following community activities:
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Steve has been with Hanover Capital Partners since its inception managing all financial reporting / analysis, financing, and new project review. He is a graduate of Villanova University with a Bachelor of Science in Accounting and also has a Master of Science in Accounting from the University of Central Florida.
Steve started his financial career with Deloitte and Touche performing Audit and Advisory Services. He transitioned in 2005 to K. Hovnanian Enterprises, which was at the time, the nation's 6th largest homebuilder, in a role that specifically focused on financial analysis of land development activities. He also handled the implementation of Sarbanes Oxley internal control reporting for K. Hovnanian throughout the multiple divisions in Florida and Texas.
In 2010, Steve and other members of the Orosz Family founded Royal Oak Homes, a division of Hanover Capital Partners, of which Steve was later named Co-President in 2012. At Royal Oak, he was responsible for managing the financial performance of the company which included coordinating all construction/acquisition loan relationships, cash management, and strategic planning. Steve has experience in the acquisition and development of over 20 residential communities totaling over 7,000 lots. In addition, he also has worked with multiple regional financial institutions to obtain/manage more than $90 million in financing for both horizontal and vertical construction.
In 2014, Royal Oak Homes was sold to AV Homes, Inc (NYSE: AVHI) and he and his brother, Matt, continued their roles as Co-Presidents. Steve was responsible for managing the accounting and financial reporting, human resources, information technology, and general operations for the division. From 2014 to 2017, under the Orosz leadership, the division closed in excess of 1,100 homes annually as the 3rd largest homebuilder in Central Florida, with annual revenues exceeding $300 million. Currently, Steve and his two brothers, Andrew and Matt, are working on introducing Hanover Family Builders, a single-family production builder which will break ground in September 2017.
Steve is Vice-President of the Orosz Family Foundation, Inc., a former Board member for Mission Office of the Diocese of Orlando, Catholic Charities, and participates with Big Brothers, Big Sisters of Central Florida. He is a member at St. Margaret Mary Catholic Church.
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Matthew graduated from Villanova University with a Bachelor of Science in Accountancy and a Bachelor of Science in Business Administration with a concentration in Finance. Matthew also received his MBA from the Crummer Graduate School at Rollins College in Winter Park with highest honors. Matt began as an operations analyst for JP Morgan Chase in Wilmington, DE. He joined KTR Capital Partners, a private real estate investment trust in Philadelphia, as an investment analyst in 2006 and was responsible for all aspects of the acquisition process in multiple strategic markets.
During Matt’s time at KTR, he was responsible for the acquisition of over 1.2 million square feet of industrial real estate sourced entirely off-market. In 2009, Matt became the Vice-President of Investments for Hanover Capital Partners pursuing a variety of opportunistic investments, primarily within the real estate sector.
Matthew is also involved in the following activities: FAA certified private pilot, Vice-President of Orosz Family Foundation, Member of Rollins College Alumni Board, and is Currently pursuing Chartered Financial Analyst (CFA) designation.
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Andrew joined the Hanover team in 2017 as Vice President and General Counsel. In that capacity, Andrew principally facilitates Hanover’s real estate acquisition and disposition transactions, while providing guidance on a variety of corporate, real estate, and business-related issues. Prior to joining Hanover as in-house counsel, Andrew served as a Shareholder with the Florida-based law firm of GrayRobinson, P.A.
During the course of Andrew’s career in private practice, in addition to representing Hanover, Andrew represented a variety of Florida-based developers, homebuilders, and investors in all phases of a real estate transaction, including contract negotiation, due diligence, land acquisition/disposition, financing, and analysis and procurement of land use approvals and entitlements. Andrew also has significant representative experience in the hospitality industry, where he has facilitated the acquisition, financing, and disposition of luxury and resort hospitality properties valued at over $4 Billion throughout the United States.
Andrew holds a B.A. in Political Science from the University of Notre Dame (2003, Magna Cum Laude), and obtained both his Juris Doctor (2006, Cum Laude) and Master of Science in Real Estate (2006) from the University of Florida. Andrew is a member of the Florida Bar, the Orange County Bar Association, and previously served as the President of the MorningStar School in Orlando.