Land Acquisition
Lennar and Taylor Morrison Snap Up 600 Lots in Arizona for $54M
•Source: Hoodline, ABC15
Two homebuilding giants jointly acquire 600 lots at Peoria's Saddleback master-planned community in separate transactions totaling $54 million.
Lennar and Taylor Morrison have made significant lot purchases at the Saddleback master-planned community in Peoria, Arizona. Lennar purchased 289 lots for $27.81 million while Taylor Morrison bought 293 lots for $26.05 million. The acquisitions demonstrate continued builder confidence in Arizona's housing market and the appeal of established master-planned communities.