Quarterly report pursuant to Section 13 or 15(d)

Asset Acquisition

v3.24.1.u1
Asset Acquisition
3 Months Ended
Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Asset Acquisition Asset Acquisition
On October 10, 2023, the Company expanded into the Colorado market by acquiring certain assets of Richfield Homes, LLC (“Richfield”). The Company paid an aggregate cash purchase price of $22.5 million to acquire approximately 290 owned or controlled lots in the greater Denver, Colorado area, including any construction in progress on those lots. This acquisition was accounted for as an asset acquisition.