The homebuilder Lennar Corporation (NYSE: LEN, LEN.B) has acquired Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas.
The financial aspects of the deal were not disclosed. According to the company, Lennar will acquire Rausch Coleman’s homebuilding operations, which is slated to deliver approximately 5,000 homes with an average sales price of $230,000 in calendar year 2024. Lennar intends to assign the purchase of, and option, all of Rausch Coleman’s land assets with a third party.
With this acquisition, Lennar will expand its footprint into new markets in Arkansas, Oklahoma, Alabama, Kansas and Missouri while adding to its existing footprint in Texas, Oklahoma, Alabama and Florida.
Photo: Lennar’s Stonegate Preserve in Palmetto, Florida
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