PHOENIX — Scottsdale homebuilder Camelot Homes announced this week that the company is now fully-owned by employees.

RELATED STORIES • Luxury home completed, listed for over $5 million in north Scottsdale

Luxury home completed, listed for over $5 million in north Scottsdale

The 56-year-old company is fully owned through an Employee Stock Ownership Plan (ESOP). The company will still operate under existing managers Julie and Mark Hancock.

“Our employees have always been the foundation of our company’s success,” Co-owner Mark Hancock said in a Thursday news release.

“Establishing an ESOP is the ultimate way to reward their dedication and ensure that the legacy of quality, craftsmanship and customer service that our family started continues for generations to come. This transition is a

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