D.R. Horton Excercises Options at Caddis Haley, Sonoran Ranch & Sahuarita Highlands

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D.R. Horton, a Texas based company and one of the largest homebuilding companies in the United States, operating in 26 states and 77 metropolitan markets.

In Caddis Haley Estates, D.R. Horton (NYSE: DHI) acquired 9 finished lots for[mepr-show rules=”58038″]$180,000, or $20,000 per finished lot as part of a rolling option for 161 lots, from Caddis Bridge, LLC (Greg Anderson, manager). Caddis Haley is located west of Tucson near Star Valley, west of Casino del Sol. D.R. Horton offers five models there ranging in price from $127,900 to $160,000. Average lot size is 5,128 sq. ft. Dan Feig and Aaron Mendenhall of Chapman Lindsey represented the seller.

In Sahuarita Highlands, D.R. Horton took down an additional 6 lots for $258,000, or $43,000 per finished lot from Red Point Development, Inc. (Daniel Leung, President) as part of a rolling option agreement for 153 total lots. Sahuarita Highlands offers five floor models that range in price from $187,900 to $206,900. Dan Feig of Chapman Lindsey represented the seller.

In a new agreement that began 1Q 2013, D.R. Horton purchased 12 lots in Sonoran Ranch II for $294,000, or $24,500 per finished lot from Son.Land Company (John Agresti, manager). This is the second takedown of 52 lots there. Sonoran Ranch is located west of Tucson near Star Valley and offers six models ranging in price from $141,900 to $193,900. The average lot is about 5,000 sq. ft. Dan Feig with Chapman & Lindsey in Tucson represented the seller.

D.R Horton Homes generally range in size from 1,000 to 4,000 sq. ft. and in price from $100,000 to $600,000. For the year ended September 30, 2012, D.R. Horton closed 18,890 homes nationally with an average price of approximately $223,300.

To contact D.R. Horton’s executive office call (817) 390-8200. Dan Feig and Aaron Mendenhall can be reached at (520) 747-4000.[/mepr-show]