Mon, Apr. 27, 9:07 AM
- Assets at Pacific Ridge Homes include about 350 lots, 90 homes in inventory, and 40 homes in backlog. With the $72M cash purchase, DHI also gets control of about 400 lots through option contracts.
- For the 12 months ended on March 31, Pacific Ridge closed 182 homes for $79M. The average home size was 2.6K square feet and the ASP $436K.
- Source: Press Release
Aug. 15, 2012, 12:08 PMD.R. Horton (DHI -1.9%) acquires the homebuilding operations of Breland Homes, which operates in Huntsville, Mobile and Baldwin County in Alabama and along the gulf coast of Mississippi. The assets include approximately 320 homes in inventory, 1,020 finished lots and control of an additional 3,700 lots through option contracts. Terms of the deal were not disclosed. | Aug. 15, 2012, 12:08 PM | Comment!
DR Horton Inc constructs and sells homes through its operating divisions in states and metropolitan markets of the United States, under the names of D.R. Horton, America's Builder, Emerald Homes, Breland Homes, Express Homes and Regent Homes.
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