D.R. Horton Buys Truland Homes Assets For $100M
Portfolio Pulse from Lekha Gupta
D.R. Horton Inc (DHI) has acquired the homebuilding operations of Truland Homes for approximately $100 million in cash. The assets include around 263 lots, 155 homes in inventory, and 55 homes in sales order backlog. DHI also purchased additional lots and controls from Truland affiliates and third parties. The company plans to merge the Truland operations with its platforms in Baldwin County, Alabama, and Northwest Florida.
July 05, 2023 | 1:37 pm
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D.R. Horton's acquisition of Truland Homes' operations for $100M expands its inventory and control of lots. This could potentially boost DHI's market presence and future revenues.
The acquisition of Truland Homes' operations by D.R. Horton expands its inventory and control of lots, which could potentially increase its market presence and future revenues. This is likely to be viewed positively by investors, potentially leading to an increase in DHI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100