Ryland Homes Announces the Completion of the Acquisition of the Operations of Timberstone Homes in Charlotte and Raleigh
CHARLOTTE, N.C.--(BUSINESS WIRE)--
The Ryland Group, Inc. today announced that it has completed the
acquisition of the Charlotte and Raleigh operations and assets of
The Timberstone acquisition provides Ryland with approximately 945
additional lots and homes for future sales, 141 homes currently sold and
under construction for delivery, and 19 professionally decorated model
Existing Timberstone customers will have their customer service and
warranty obligations addressed by Ryland under a contractual
relationship between Ryland and Timberstone.
Headquartered in Southern California, Ryland is one of the nation's
largest homebuilders and a leading mortgage-finance company. Since its
founding in 1967, Ryland has built more than 295,000 homes and financed
more than 245,000 mortgages. The company currently operates in 13 states
across the country and is listed on the New York Stock Exchange under
the symbol "RYL". For more information, please visit www.ryland.com.
For more information, please contact Drew Mackintosh, Vice President of
Investor Relations and Communication at Drew.Mackintosh@ryland.com.
Vice President of Investor
Relations and Communication
Source: The Ryland Group, Inc.
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