Texas-Based Real Estate Company Set To Acquire Colorado Home Builder

A corporate deal will give a Texas real estate firm an entryway into a thriving Colorado market.

The Colorado Springs Gazette reports that Dallas-based Green Brick Partners is in the process of acquiring Challenger Homes, a privately owned home builder in Colorado Springs. The deal gives Green Brick a presence in the red-hot Pikes Peak region, which home building production is operating at a 10-year high.

Challenger has 1,800 home sites and more than 4,000 lots.

Challenger builds single-family homes in seven Springs-area developments, with prices ranging from $262,900 to $348,900, according to its website. It also builds townhomes and patio homes in two other neighborhoods.

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