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AV Homes to buy NC-based homebuilding assets for $50M
Mar 6, 2017 - SNL Real Estate Daily

AV Homes Inc. will acquire the homebuilding operations of Savvy Homes, a privately held company based in Raleigh, N.C., for approximately $50 million in cash.

The company will use its cash on hand and revolving credit facility to fund the acquisition, which is expected to close in the second quarter.

Michael P. Kahn represented Savvy Homes in the deal.

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