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The following list of completed transactions since
1993 is presented in order from the most recent. This page is updated
as transactions are publicly announced or closed.
2006 to present | 2005 | 2004 | 2003
| 2002 | 2001 | 2000
| 1999
1998 | 1997 | 1996 | 1995
| 1994 | 1993 | Older
transactions
2006 to present
We are currently representing a West Coast Builder in a partial
sale of its homebuilding and land development operations. We have
a very interested purchaser for 50% of the consolidated assets
in final stages of diligence, and believe we will have an offer
acceptable to the owners during Q2 2008.
Since the beginning of 2007, we have been meeting with numerous
Hedge Funds and Private Equity Groups that were referred to us
for our expertise and deep connections with homebuilders. Of the
many funds we have cultivated working relationships with, some
are willing to fund individual projects on a one-off basis; others
want groups of existing and new projects; and some will even fund
direct investment in homebuilding companies to shore up balance
sheets, buy down bank lines at discounts and add capital to purchase
the great buys that will be available over the next 6-18 months.
We work with funds and investors, as well as builders and developers
to help foster strategic relationships, solve complex business
problems, maximize performance, and increase value for all involved.
Whether providing complete or partial asset valuations, turnaround
or work-out management or strategic planning for future growth,
we use a hands-on approach and years of experience and personal
relationships to achieve actionable results.
2005
• Acquisition of Harmony Homes of Jacksonville by The Drees
Company
• Acquisition of Cleveland based Oster Homes by Hovnanian
Enterprises
• Acquisition of GHO Homes, building in Vero Beach, Florida
by
• Woodside Homes
• Represented MI Homes in the acquisition of Shamrock Homes,
building
• in Lake County, Florida.
• Represented Toll Brothers in its acquisition of Landstar
Homes in Orlando
• Represented The Earthmark Companies in the sale of approximately
• 900 acres at the Club at
Heron's Glen master-planned community in
• Ft. Myers to Taylor Woodrow
• Acquisition of Colonial Homes, building in Ft. Myers and
Naples,
• by Meritage Corporation
• Acquisition of certain assets of Myrtle Beach based Nations
Homes
• by Beazer Homes USA
[ back top ]
2004
• Acquisition of Baltimore based Gilligan Homes by Technical
Olympic USA
• Acquisition of Rocky Gorge Communities, building in the
Washington,
• D.C. area, by Hovnanian Enterprises
• Acquisition of Jacksonville based Watson Homes by MDC Homes
• Acquisition of Japhet Homes and Flair Homes, related homebuilding
• companies in San Antonio,
by Woodside Homes
• Acquisition of Jacksonville based North Florida Builders
by
• Woodside Homes
[ back top ]
2003
• Acquisition of Tampa based Windward Homes by Hovnanian Enterprises
• Acquisition of Crawford Homes of Jacksonville, Florida by
MDC Homes
• Represented Toll Brothers, Inc. in its acquisition of Richard
R. Dostie
• Homes in Jacksonville, Florida.
• Represented Mattamy Corporation in its acquisition of Atlantic
Builders
• in Jacksonville, Florida
• Acquisition of Ausherman Homes, based in the Maryland suburbs
of
• Washington DC, by The Drees
Company
• Acquisition of Summit Homes, an Ohio on-your-lot homebuilder,
• by Hovnanian Enterprises
• Acquisition of a partial interest in Tadian Homes, building
in the Detroit
• metropolitan area, by Institutional
Housing Partners, Inc. (IHP)
• Represented Mattamy Corporation, Canada's largest single
family
• homebuilder, in its entry
into the U.S. via acquisition of Homes By
• Chase in the Minneapolis-
St. Paul metropolitan area
• Represented Centex in its acquisition of The Jones Company
based in
• St. Louis (announced 9/4/02
and closed 1/2/03)
[ back top ]
2002
• Acquisition of Baltimore based Masonry Homes by Technical
Olympic USA
• Arranged an entity level joint venture for Century Communities,
a
• Denver based developer and
builder specializing in townhomes and
• condominiums. The contribution
to the partnership included equity and
• debt, and the venture is
arranging additional bank debt as needed to
• meet the proforma projections.
• Acquisition of D.S. Ware Homes of Jacksonville by Technical
Olympic USA
• Acquisition of Hammonds Homes, building in Houston, Dallas/Ft.
Worth,
• and Austin, by Meritage Corporation
• Acquisition of The Quaker Group's homebuilding operations
in New Jersey
• and Pennsylvania by Hovnanian
Enterprises
[ back top ]
2001
• Represented KB Homes in its acquisition of Jacksonville,
Florida based
• Trademark Homes
• Represented The Fortress Group in the divestiture of its
St. Louis
• operation to one of the original
principals
• Acquisition of Emerald Homes’ Texas and Phoenix operations
• by D.R. Horton
• Represented The Fortress Group in the divestiture of its
Jacksonville,
• Florida operation to D.R.
Horton
• Represented Centex Homes in its acquisition of Detroit based
• Selective Group
[ back top ]
1999
• Acquisition of New Jersey based Matzel & Mumford by
• Hovnanian Enterprises
• Represented Centex in its acquisition of Real Homes in Las
Vegas
• Acquisition of Lundgren Bros. Construction, based in Minneapolis/St.
Paul,
• by U.S. Homes
• Acquisition of the assets of Chicago based Cambridge Homes
by
• D.R. Horton
• Represented Hovnanian Enterprises in the acquisition of
Domain Homes,
• based in Washington D.C.
• Acquisition of Dallas-based Goodman Homes by Hovnanian Enterprises
[ back top ]
1998
• Acquisition of New Jersey based Calton Homes by Centex Homes
• Acquisition of Jacksonville, Florida based Atlantic Builders
by American
• Landmark Homes Corporation
• Represented Centex Homes in the acquisition of Teal Building
• Corporation, building in
Richmond, Virginia
• Acquisition of Radnor Homes, building in Nashville and Memphis,
by
• Pulte Home Corporation
• Acquisition of Pinehurst Builders, based in Myrtle Beach,
South Carolina,
• by Crossmann Communities
• Acquisition of Mareli Development, based in Louisville,
Kentucky,
• by D.R. Horton
• Acquisition of Washington, DC based P.C. Homes by
• Hovnanian Enterprises, Inc.
• Represented The Fortress Group in its acquisition of Quail
Construction,
• based in the Portland, Oregon
metropolitan area
• Acquisition of St. Louis based Whittaker Homes by The Fortress
Group
[ back top ]
1997
• Acquisition of Brookstone Homes, building in Janesville,
WI,
• by The Fortress Group
• Represented Calton Homes in the divestiture of its Orlando
Division
• to Beazer Homes, USA
• Acquisition of The Iacobucci Organization, located in central
New Jersey,
• by The Fortress Group
• Acquisition of Charter Construction, based in the Raleigh-Durham,
• North Carolina area by The
Drees Company
[ back top ]
1996
• Acquisition of SGS Communities, building in New Jersey,
by D.R. Horton
• Reverse merger of Monterey Homes, based in Scottsdale, Arizona,
into
• Homeplex Mortgage Investors,
a publicly traded REIT
• Acquisition of Denver based Trimark Communities by D.R.
Horton
• Acquisition of Landmark Homes, based in Wilmington, North
Carolina,
• by The Fortress Group
• Acquisition of North Florida Classic Homes, based in Jacksonville,
Florida
• by Pulte Homes
• Simultaneous merger of four regional homebuilders (Sunstar
Homes -
• Raleigh/Durham, Buffington
Homes - Austin/San Antonio, Christopher
• Homes - Las Vegas, Genessee
Homes - Denver/Tucson) to form The
• Fortress Group, and Initial
Public Offerings of $27 million in equity and
• $100 million in debt
• Acquisition of Longford Homes of Las Vegas by MDC Holdings
• (Richmond American)
[ back top ]
1995
• Acquisition of Encore Homes of Canton/Akron/Cleveland by
• The Drees Company
• Acquisition of Arappco Homes of Greensboro, North Carolina
by
• D.R. Horton
• Represented Kemper Real Estate Management Company in the
• divestiture of its homebuilding
division, Mesa Homes of Temecula,
• California, to MDC Holdings
(Richmond American)
• Represented Kaufman & Broad Homes in the acquisition
of Oppel Jenkins,
• with operations in Albuquerque
and Dallas
[ back top ]
1994
• Acquisition of Denver based Park Homes by Engle Homes
• Acquisition of Joe Miller Homes of Minneapolis-St. Paul
by D.R. Horton
• Acquisition of Patwil Homes, building in State College,
Pennsylvania,
• by Miles Homes
[ back top ]
1993
• Acquisition of Panitz Homes, building in Jacksonville, by
• Beazer Homes USA
• Represented Sundance Homes of Chicago in an Initial Public
Offering
• Represented INCO Homes of Southern California in an Initial
• Public Offering
• Acquisition of Austin based Scott Felder Homes by Ryland
Homes
[ back top ]
Older Transactions:
1989
• Acquisition of Zellner Communities, building in Southern
California,
• by NVR, Inc.
• Acquisition of Davidson Communities, building in Southern
California,
• by Coscan of Canada (now
Brookfield)
1988
• Acquisition of H.R. Remington, building in Southern California,
• by NVR, Inc.
• Represented H.R. Remington in the sale of its Mission Hills
community to
• Marufuji, a Japanese conglomerate
with U.S. real estate holdings
• Represented DiGeorgio Development in the sale of its Rams
Hills
• community to an investment
group
[ back top ]
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