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Stock Market & Financial Investment News

News Breaks
August 5, 2014
07:20 EDTNWHMThe New Home Company announces planned acquisition in Southern California
The New Home Company announced it has entered into a joint venture agreement with Tricon Capital Group or the planned acquisition of Arantine Hills, a 276 acre master planned community site in Corona, California, for approximately $74M. NWHM and Tricon intend to re-plan, re-entitle and develop Arantine Hills into a master planned community containing over 1,300 homes. The acquisition of the property is expected to occur in December 2014. The joint venture expects to sell improved lots to homebuilders, including up to 30% to New Home, upon completion of the master site development work. Additionally, Tricon will also have the right to acquire improved lots and engage NWHM in fee building arrangements for some or all of the remaining lots. The community is expected to begin selling entitled, developed lots in 2016.
News For NWHM From The Last 14 Days
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November 12, 2014
10:33 EDTNWHMSecond Curve Capital reports 5.3% passive stake in The New Home Company
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