Board of Directors
Ralph R. Teal, Jr. was raised in Chapel Hill, North Carolina where he attended and graduated from the University of North Carolina Chapel Hill in 1984. After graduation, Mr. Teal relocated to Myrtle Beach, South Carolina (the home of his wife Elizabeth) and they were married in December 1986. During the period 1984 – 1989, Mr. Teal worked exclusively in the marketing and sales of new homes in the Myrtle Beach area. In 1990, Mr. Teal and two long-time friends, James Callihan and Jeff Skelley formed multiple entities to build new homes and conduct real estate brokerage and vacation rental services. They successfully sold their new homes division, Pinehurst Builders, to Crossmann Communities, a publicly traded homebuilder, in 1998. After working for Crossmann Communities and completing his contractual obligations, Mr. Teal started a new coastal homebuilder, Nations Homes, which he ran until 2005 when it was sold in an asset purchase transaction to Beazer Homes USA Inc., headquartered in Atlanta, Georgia, a top ten national homebuilder with homes for sale across the United States. Mr. Teal again began a new regional homebuilder focused on specific markets in the southeastern United States, Citizens Homes, in 2009, which was recently sold to UCP, Inc. in early 2014.
Simultaneous with the growth of Nations Homes and Citizens Homes, Mr. Teal led a third business, Plantation Sales LLC, which marketed homesites to individual customers (primarily from the Northeast) in a series of planned communities in the Myrtle Beach and Hilton Head areas of South Carolina. These communities included Plantation Lakes, Cypress River Plantation, Wild Wing Plantation and Hilton Head Lakes. Plantation Sales, LLC has sold more than 3,000 homesites over a 10 year period.