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DR Horton Inc Acquires Homebuilding Assets Of Breland Homes


Wednesday, 15 Aug 2012 11:35am EDT 

DR Horton Inc announced the acquisition of the homebuilding operations of Breland Homes (Breland), which operates in Huntsville, Mobile and Baldwin County in Alabama and along the gulf coast of Mississippi. The homebuilding operating assets included approximately 320 homes in inventory and 1,020 finished lots. D.R. Horton will also control an additional 3,700 lots through option contracts. In calendar 2011, Breland closed 684 homes ($130 million in revenue), and was ranked as the 38th largest builder in the United States by Builder Magazine. Breland`s average home size is approximately 2,200 square feet with an average sales price of $200,000. 

Company Quote

24.3
0.46 +1.93%
22 Jul 2014