Powered by

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.

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox