Millrose to Acquire Landsea Homesites Portfolio for $700M -- Market Talk
Dow Jones
May 15, 2025
1504 ET - Millrose Properties is providing $700 million in committed land banking capital to support New Home Co's acquisition of Landsea Homes, the company says. The company will acquire a portfolio of homesites, and after the deal closes, will help develop and deliver the homesites to New Home over time under option agreements, the company says. The increased demand encouraged the company to bump up its full-year outlook, Chief Executive Darren Richman says. The transaction "exemplifies Millrose's differentiated ability to facilitate large scale capital efficient M&A in the homebuilding sector," Richman says. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 14, 2025 15:05 ET (19:05 GMT)
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