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New Home Co. buys 53 lots in Gilbert MP

Posted by   /  November 7, 2017  /  No Comments

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Company said pricing on luxury homes should begin in the $700,000s

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The New Home Company, Aliso Viejo, Calif. (NYSE: NWHM) said Monday it has acquired land for a collection of 53 spacious single-family homes, called Belmont, within the master-planned community of Somerset in Gilbert, Arizona.

It purchased the 53 homesites from a partnership of LeSueur Investments IX, LLC and Landmark Property Holdings, LLC, the owners of Somerset.

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