By Ben Lane | HousingWire
PulteGroup, Inc. announced it plans to purchase a massive portfolio of land and houses from John Wieland Homes and Neighborhoods for between $430 million and $450 million.
According to a release from PulteGroup, it reached an agreement to acquire “certain homebuilding assets” of John Wieland Homes and Neighborhoods, from affiliates of Wheelock Street Capital, L.L.C. and the Wieland family.
Under the terms of the deal, PulteGroup expects to acquire approximately 7,400 controlled lots and 280 homes that are “in backlog.”
