Akin Advises Millrose Properties in Land Banking Capital Support for New Home’s Acquisition of Landsea Homes Corporation
Contact:
(New York) – Akin advised Millrose Properties Inc., a “first-of-its-kind” Homesite Option Purchase Platform for residential homebuilders, in providing committed land banking capital support for New Home Co.’s acquisition of Landsea Homes Corporation. The transaction is valued at approximately $1.2 billion in an all-cash transaction for $11.30 per share.
The combined company will be a privately held, top-25 national homebuilder across 10 high-growth markets, offering homebuyers a range of homebuying options. The company will generate approximately 4,000 annual closings through asset-light return-focused homebuilding.
The Akin team was led by capital solutions co-head Dan Fisher and corporate practice co-head Zachary Wittenberg; and included head of finance and special situations & private credit partner Jaisohn Im and special situations & private credit partner Catherine Goodall.
Additional details on the transaction can be found here.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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