Millrose Properties, Inc. (MRP): M&A transaction — Millrose completes $900M acquisition of 24,000 homesites from Rausch Coleman, optioned to Lennar

Millrose Properties, Inc.

Acquired ~24,000 homesites from Rausch Coleman for ~$900M cash, net of Lennar option deposits and holdbacks.
All acquired homesites are under option agreements with Lennar; transaction funded from cash on hand.
After closing, Millrose retains ~$1.3B in available capacity under its revolving credit facility.
CEO Darren Richman states the acquisition advances Millrose's accretive growth strategy and industry expansion.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Millrose Properties, Inc. completed an acquisition involving Rausch Coleman Companies, LLC for approximately $900 million in cash (closed 2025-02-10).

Action: acquisition
Counterparty: Rausch Coleman Companies, LLC
Consideration: approximately $900 million in cash
Closing: 2025-02-10

Exact text from the filing

On February 10, 2025, Millrose Properties, Inc. (the “Company”) completed its previously announced acquisition of land assets consisting of approximately 24,000 homesites (the “LandCo Assets”) through the acquisition of 100% of the outstanding stock of Rausch Coleman Companies, LLC (“Rausch”) for approximately $900 million in cash

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68 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Millrose Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-023718

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