Steve Wall, CEO and founder of Arlington, Texas-based Wall Homes announced today that his company 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 Dallas operations will grow from 11 active neighborhoods to 33. The expansion increases lots statewide under Wall Homes control by more than 75%. "Adding control of over 3,000 lots - many in coveted areas such as Frisco, Keller, Plano, and Prosper - allows us to expand our business at a rapid rate," said Wall.
Learn more about markets featured in this article: Dallas, TX.