---
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"
generated_at: "2026-05-26T23:32:12.684361+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Millrose completes $900M acquisition of 24,000 homesites from Rausch Coleman, optioned to Lennar

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-023718
- JSON: https://secwatch.observer/filing/0001193125-25-023718.json
- Plain text: https://secwatch.observer/filing/0001193125-25-023718.txt

## Key facts
- M&A Transactions
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2017206/000119312525023718/0001193125-25-023718-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.