Japanese firms’ buying spree of U.S. homebuilders keeps heating up—4th deal in 5 weeks

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Japanese firms’ buying spree of U.S. homebuilders keeps heating up—4th deal in 5 weeks

www.fastcompany.com·Lance Lambert·7 months ago

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#homes #based #homebuilder #daiwa #house

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BY Lance Lambert

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On Friday, Trumark Homes—which has been majority owned by Japan-based Daiwa House since 2020—announced that it has struck a deal to acquire a Seattle metro-based homebuilder JK Monarch.

The deal is the latest in a recent string of U.S. homebuilder acquisitions by Japanese firms. Exactly five weeks ago today (February 13), Japan-based Sumitomo Forestry announced that it had agreed to acquire Tri Pointe Homes—a giant public homebuilder ranked No. 715 on the Fortune 1000—for $4.5 billion.

Then on February 23, Stanley Martin Homes—which has been owned by Japan-based Daiwa House since 2017—announced that it has agreed to buy United Homes Group, which has a strong presence in the Carolinas, for $221 million.…

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Japanese firms’ buying spree of U.S. homebuilders keeps heating up—4th deal in 5 weeks