{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-023718","form_type":"8-K","ticker":"MRP","cik":"0002017206","company_name":"Millrose Properties, Inc.","filed_at":"2025-02-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.804119+00:00","generated_at":"2026-05-26T23:32:12.684361+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Millrose completes $900M acquisition of 24,000 homesites from Rausch Coleman, optioned to Lennar","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-023718","json":"https://secwatch.observer/filing/0001193125-25-023718.json","markdown":"https://secwatch.observer/filing/0001193125-25-023718.md","text":"https://secwatch.observer/filing/0001193125-25-023718.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2017206/000119312525023718/0001193125-25-023718-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2017206/000119312525023718/d868863d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T23:32:12.684361+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"233ec8fcf5e92b133a79f5bf60041872be914d1f","claim":"Millrose Properties, Inc. completed an acquisition involving Rausch Coleman Companies, LLC for approximately $900 million in cash (closed 2025-02-10).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/2017206/000119312525023718/0001193125-25-023718-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Rausch Coleman Companies, LLC"},{"label":"Consideration","value":"approximately $900 million in cash"},{"label":"Closing","value":"2025-02-10"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}