Benchmark Communities Brand Will Transition to Century Communities.

BuilderOnline

By Kelsi Maree Borland

Communities, Inc., Greenwood Village, Col. (NYSE: “CCS”) Friday announced it has completed its previously announced merger with UCP, Inc. (NYSE: “UCP”). The aggregate transaction value was approximately $356 million, including the payment of approximately $149 million of existing UCP indebtedness. The transaction was unanimously approved by the board of directors of both Century and UCP and was also approved by UCP shareholders.

Read More

Previous Homebuilder Confidence Reaches 12-Month High
Next FivePoint Buys Back Broadcom Office Campus in Deal That Could Add 1,000 Homes to Great Park Neighborhoods

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Homebuilder Confidence Slips in February

The National Association of Home Builders/Wells Fargo index fell to 55 from 57 in January. The drop was attributable to builders active in the Midwest where severe weather resulted in

Homebuilders / Land Developers

Local Homebuilding Successes Defy Critics

If Orange County is purportedly such a poor place to do business, how did four local master-planned communities end up on a list of the 20 fastest-selling projects in the

Homebuilders / Land Developers 0 Comments

Small Cap Homebuilder UCP Positioned for Buyout

In this article by Seeking Alpha, the contention is made that the landholdings of the publicly-traded homebuilder, UCP, the bulk of which was acquired in the downturn, is being carried