United Homes Group Announces Acquisition of Rosewood Communities
26 Octubre 2023 - 3:30PM
Business Wire
United Homes Group, Inc. (“UHG”) (NASDAQ: UHG), a leading
homebuilder in the Southeast, today announced that it has acquired
Rosewood Communities, a home builder in the Upstate region of South
Carolina. Rosewood Communities builds homes primarily in the
rapidly growing Greenville and Clemson markets.
“Acquiring Rosewood Communities is a great opportunity to expand
our existing footprint in the Upstate area,” said UHG Chief
Executive Officer Michael Nieri. “With a world-class university in
Clemson and a booming industrial base in Greenville with employers
like BMW, Upstate South Carolina is a fast growing, attractive new
home market. Rosewood’s innovative home designs will also allow us
to diversify our product offering in the Upstate, and we plan on
using their designs in our other markets.”
Mark Nyblom, former owner of Rosewood Communities, will stay on
as Division Manager - Rosewood. Originally from Finland, Nyblom
came to the United States in 1994 and formed Rosewood Communities
in 1998. Rosewood Communities primarily operated as a developer
until 2008, when the company initiated its concept of
low-maintenance cottage-style communities. “I am very pleased to
become part of the UHG team. The UHG story is inspiring, and I
believe that Rosewood Communities will bring a lot to the table as
a member of the family. The combination of the UHG land-light
business model and focus on the Southeast is very promising, and my
team and I are very excited about the future.”
“The acquisition of Rosewood Communities is consistent with the
strategic vision we announced when we became a public company,”
said Jack Micenko, President of UHG. “We plan to continue deploying
capital into thoughtfully chosen acquisitions of private builders.
The Rosewood transaction follows our entrance into the Raleigh, NC,
market in August of this year. We will continue to focus on growth
via both entry into new markets and adding builders that allow us
to offer a more diversified product set.”
Inclusive of the Rosewood communities, UHG will operate 19
communities in the Upstate South Carolina market with plans to
expand further. Prices on Rosewood Communities’ unique
cottage-style homes range from $450,000 to over $1,000,000.
Targeted to empty nesters and move-up buyers, the homes offer
master-on-main and loft designs with appealing architecture and
custom finishes.
More information is available at
www.rosewoodcommunities.com.
About United Homes Group, Inc.
UHG is a publicly traded residential builder headquartered in
Columbia, SC. The company currently operates and builds new home
communities located in South Carolina, North Carolina and Georgia.
UHG has been recognized as one of the top 50 builders by Builder
magazine.
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version on businesswire.com: https://www.businesswire.com/news/home/20231025890472/en/
Investor Relations Contact: Drew Mackintosh
drew@mackintoshir.com Mobile: 310-924-9036
Media Contact: Allen Hutto allenhutto@greatsouthernhomes.com
Mobile: 803-665-2764
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