new homes Arizona | – Maracay Homes

Maracay Homes parent sells home builder assets to Tri Pointe Homes for $2.7B Timber company Weyerhaeuser Co. (NYSE: WY) announced today it has entered an agreement to sell its portfolio of five home builder brands — one of which is Scottsdale-based Maracay Homes — to Tri Pointe Homes Inc. (Nasdaq: TPH) in Irvine, Calif. in a $2.7 billion deal. Federal Way, Wash.-based Weyerhaeuser first announced it was considering such a sale back in June. Today’s announcement ended months of speculation that Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) and a few others were prospective buyers. The sale, which is expected to close in the second quarter 2014, will make Tri Pointe one of the nation’s top 10 largest homebuilders, according to a company statement… more

Leave a Comment