Thursday, July 18, 2024 / by Juan Grimaldo
Dream Finders Homes enters Phoenix market with two giant land buys
A Florida homebuilder is making its Arizona debut, buying out the rest of Phase IV at Bella Vista Farms in San Tan Valley and taking another 37 acres in Goodyear.
A Florida homebuilder is making its Arizona debut with the purchase of nearly 300 lots on opposite ends of metro Phoenix.
Dream Finders Homes Inc. (NYSE: DFH) secured the last piece of Phase IV at Bella Vista Farms master-planned community in San Tan Valley and took another 36.57 acres at El Cidro in Goodyear.
The firm's land banker, Terra Firma Capital Corp., paid $20.4 million to Dallas-based Landsea Homes Corp. (Nasdaq: LSEA) for 160 lots west of the southwest corner of Cotton Lane and Elwood Street at El Cidro in Goodyear, according to Tempe-based real estate database Vizzda LLC.
By Angela Gonzales – Senior Reporter, Phoenix Business Journal
