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Slide #90. The Ryland Group, Inc. — Trend Homes
The Ryland Group, Inc. (RYL)
The Ryland Group, Inc. announces that it has acquired the Phoenix operations and assets of Trend Homes. The Trend acquisition provides Ryland with an ongoing successful operation in Phoenix and approximately 910 additional lots and homes for future sales, as well as 106 homes currently sold and under construction for delivery. Trend Homes currently operates in seven active communities. All of Trend's employees are expected to join Ryland in conjunction with the acquisition and Reed Porter, Trend's President, will be Ryland's Phoenix Division President.
Ryland Group is a homebuilder and a mortgage-finance company. All of Co.'s operations consist of various aspects of the homebuying process, from design, construction and sale to mortgage origination, title and escrow services. Co. consists of six reportable segments: four geographically determined homebuilding regions; financial services; and corporate. Co.'s homes are built on-site and marketed in four geographic regions, or segments: North, Southeast, Texas and West. Co. markets attached and detached single-family homes. The financial services segment provides mortgage-related products and services, as well as title and escrow services, to its homebuyers.
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Buy (2.89 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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