By Catherine Reagor, The Republic | azcentral.com
Meritage Homes Corp. is buying an Atlanta builder for $130 million, which will bolster the Scottsdale-based homebuilder’s growing presence in the Southeast.
Publicly traded Meritage is buying privately held Legendary Communities, which was started in 2009 and builds houses priced from $120,000 to $550,000. Last year, Legendary recorded revenue of $156 million on the sale of 500 houses in Atlanta, Charlotte, N.C., and Greenville-Spartanburg, S.C.