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Stock Market & Financial Investment News

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January 22, 2014
05:10 EDTTOLToll Brothers, GTIS announce Sienna South acquisition
Toll Brothers, in a joint venture with GTIS Partners, a real estate private equity firm, announced the acquisition of Sienna South, the last major undeveloped parcel of Sienna Plantation, one of Houston's most successful master planned communities. When fully built out, it is anticipated that Sienna South will have generated gross home sales of over $2.6B. The JV has entered into an agreement with The Johnson Development, developer of Sienna Plantation and other Houston communities, to act as master developer.
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