Special to the Mirror
Wall Homes CEO and founder Steve Wall announced that Wall has completed its purchase of substantially all the assets belonging to the Dallas Division of Newmark Homes, a subsidiary of TOUSA.
Assets include raw land, site developments, finished lots and construction in progress.
As a result, Wall’s D/FW operations will jump from 11 active neighborhoods to 33.
The expansion increases lots statewide under Wall Homes control by over 75 percent.
“Adding control of over 3,000 lots - many in coveted areas such as Frisco, Keller, - allows us to expand our business at a rapid rate,” said Wall.
Wall Homes was established in 2005 to offer homes with a focus on architectural style to discerning buyers.
Neighborhoods throughout Dallas, Fort Worth, Houston, Austin and San Antonio offer a variety of single-family detached and attached homes priced from the $120s to the $500s.
Based in Arlington, Texas, Wall Homes is on the Web at www.wall.com.
TOUSA, Inc. is a leading homebuilder in the United States, operating in various metropolitan markets in 10 states located in four major geographic regions including Florida, the Mid-Atlantic, Texas and the West.
TOUSA designs, builds and markets high-quality detached single-family residences, town homes and condominiums to a diverse group of homebuyers, such as “first-time” homebuyers, “move-up” homebuyers, homebuyers who are relocating to a new city or state, buyers of second or vacation homes, active-adult homebuyers and homebuyers with grown children who want a smaller home (“empty-nesters”).
It also provides financial services to its homebuyers and to others through its subsidiaries, Preferred Home Mortgage Company and Universal Land Title, Inc.
For more information, visit the Walls Homes Web site at www.tousa.com.