Print
EmailAvatar Holdings acquires Phoenix home builder in $62 million deal
Avatar Holdings, a real-estate company in Florida and Arizona, has acquired several properties from JEN Partners LLC, a New York-based real estate private equity fund.
Joseph Carl Homes, a Phoenix-based home builder, was among the properties acquired. Joseph Carl Homes is the developer of CantaMia, a 1781-unit active adult community in Goodyear, Ariz. Additionally, Avatar received 445 acres of properties in Orange County, Fla.
In exchange, Avatar will pay JEN Partners about $62 million in cash, stock and notes, plus an earn-out of up to $8 million.
More like this
Comments on: "Avatar Holdings acquires Phoenix home builder in $62 million deal "
RELATED ARTICLES
Flawed, unnecessary, and costly regulations burden small home builders by raising expenses and slowing the home building process. These hurdles ultimately rob builders of...
Towns experiment with different approaches to stimulate new-home building during the recovery; Home builder bonds still draw speculative grades; Ontario’s...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
