Millrose Properties completed the acquisition of 24k homesites from Rausch Coleman for $900m.

Millrose Properties, a company engaged in land purchases, horizontal development and homesite option purchase arrangements, completed the acquisition of 24k homesites from Rausch Coleman Homes, a residential homebuilder, for $900m. “Today, we successfully completed the previously announced acquisition of Rausch Coleman homesites, as detailed in the Registration Statement related to Millrose’s spin-off from Lennar. With this milestone achieved, we are now focused on advancing our accretive growth strategy and expanding our counterparties across the industry,” Darren Richman, Millrose President and CEO.