other material
confidence high
sentiment neutral
materiality 0.20
M.D.C. Holdings grants affiliate of Executive Chairman option to extend sublease through Oct 2028
SEKISUI HOUSE U.S., INC.
- Amendment with CVentures (affiliate of Chairman Larry A. Mizel) extends sublease term option up to two years.
- Additional extension term expires no later than October 21, 2028; sublease ends if master lease terminates earlier.
- Base rent during extension equals Subtenant's 3.77% proportionate share of master lease base rent.
- Sublease covers 5,437 square feet in Denver building; no master lessor consent required.
- Related-party transaction: CVentures is an affiliate of M.D.C. Holdings' Executive Chairman.