News on the M&A front in Arizona, via AZ Big Media: Landsea Homes has acquired Garrett Walker Homes, a Phoenix-based home builder providing single-family homes in 18 Phoenix-area communities.
“Garrett Walker Homes’ team includes high-quality people who understand the value of providing quality homes and unmatched, outstanding customer service throughout the valley, and we are very pleased to have them join the Landsea Homes family,” said John Ho, chief executive officer, Landsea Homes. “The Garrett Walker Homes brand will continue in Arizona and the combined presence with our current Landsea Homes portfolio will greatly strengthen our reach in this market.”
Ho added, “This acquisition provides unique, value-based single-family homes in the north and west areas of metro Phoenix, and expands our portfolio in one of the nation’s strongest housing markets. We look forward to continuing to provide best-in-class homes and superior care to the Phoenix home buyer.”
Landsea Homes entered the Arizona market just two years ago with a land purchase for their first community. Since that time, they have steadily acquired additional lots to boast 19 communities and more than 1,400 lots in Arizona. Today’s acquisition adds 18 communities (nine actively selling) and more than 1,700 total lots to that portfolio, making Landsea Homes one of the top home builders in Arizona.
