PulteGroup acquires Dominion Home's real estate portfolio

|By:, SA News Editor

PulteGroup (NYSE:PHM) has acquired the real estate assets of Dominion Homes. The acquired assets include 27 open communities in Columbus, 11 open communities in Louisville and three open communities in Lexington, Kentucky.

"In purchasing Dominion's real estate portfolio, we acquired a number of well-located communities and immediately established PulteGroup among the top builders in three new markets: Columbus, Louisville and Lexington," says CEO Richard Dugas.

In 2013, Dominion delivered approximately 850 homes across its three markets, generating revenues of approximately $170M.