Taylor Morrison and Värde Partners form $1b JV
Taylor Morrison Home Corp. and Värde Partners have entered into a land banking facility agreement and agreed to a joint venture, opening more than $1 billion in capacity, with the intent to grow, for new land opportunities.
Through this strategic relationship, Värde will continue aligning as a significant financial partner in the acquisition and development of residential land and lots across the homebuilder's markets of operation while Taylor Morrison will develop and manage the homebuilding projects.
Värde and Taylor Morrison already have closed multiple projects in Arizona, California, Georgia and Texas. In the coming months, additional developments will begin in the Carolinas and Florida as the partnership continues to scale the platform.
Brendan Bosman, managing director at Värde Partners, said, “The significant growth in demand for suburban housing has exposed a persistent shortfall in supply, creating substantial opportunities to invest in segments