Avatar Holdings acquires Phoenix home builder in $62 million deal

Printer-friendly versionSend by email

Joseph Carl Homes, a Phoenix-based home builder, was among the properties acquired by Avatar Holdings in a $62 million deal with JEN Partners LLC, a New York-based real estate private equity fund. Joseph Carl Homes is the developer of CantaMia, a 1,781-unit active adult community in Goodyear, Ariz.

October 29, 2010

 

Avatar Holdings, a real-estate company in Florida and Arizona, has acquired several properties from JEN Partners LLC, a New York-based real estate private equity fund.

Joseph Carl Homes, a Phoenix-based home builder, was among the properties acquired. Joseph Carl Homes is the developer of CantaMia, a 1781-unit active adult community in Goodyear, Ariz. Additionally, Avatar received 445 acres of properties in Orange County, Fla.

In exchange, Avatar will pay JEN Partners about $62 million in cash, stock and notes, plus an earn-out of up to $8 million.

Comments on: "Avatar Holdings acquires Phoenix home builder in $62 million deal "

September 2016

This Month in Professional Builder

Features

No one wants to hear about how great it was 30 years ago. Experience is one thing, but relevance is just as important. 

Overlay Init