WESTLAKE VILLAGE, CA -- The Ryland Group, Inc. announced that it has finalized the acquisition of the Dallas/Fort Worth operations and assets of LionsGate Homes. The LionsGate acquisition provides Ryland with an ongoing operation in Dallas and approximately 843 lots and homes for future sales as well as 146 homes currently sold. LionsGate Homes currently operates in 17 active communities in the Dallas/Ft. Worth market.
The purchase of LionsGate Homes is Ryland's third acquisition in the last eleven months following its purchase of the assets of Timberstone Homes in Charlotte and Raleigh in July of 2012, and Trend Homes in Phoenix in December of 2012.
Headquartered in Southern California, Ryland is one of the nation's largest homebuilders and a leading mortgage-finance company. Since its founding in 1967, Ryland has built more than 300,000 homes and financed more than 250,000 mortgages. The company currently operates in 14 states across the country. For more information, please visit www.ryland.com.