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Preston Hollow Community Capital and Kent Farms Holding Company Announce Purchase and Sale Agreement with D.R. Horton for 45 Townhomes at The Arbors at Farms of New Kent

1. D.R. Horton has secured a deal for 45 townhomes in New Kent. 2. Site development will commence pending permitting approvals.

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FAQ

Why Bullish?

The acquisition of 45 townhomes reflects strong demand in the housing market, indicating potential revenue growth for DHI. Similar past acquisitions have positively impacted stock performance in the housing sector.

How important is it?

The purchase agreement signifies active expansion for DHI, which plays a crucial role in investor sentiment. Market responsiveness to development announcements supports a high importance score.

Why Short Term?

The immediate development of the townhomes may boost sales and cash flow short-term. DHI's stocks typically respond to new project announcements within a few months, as seen in previous developments.

Related Companies

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RICHMOND, Va.--(BUSINESS WIRE)--Kent Farms Holding Company (“KFHC”), the developer and property owner, Preston Hollow Community Capital (“PHCC”), the capital provider, and D.R. Horton, Inc. (“D.R. Horton”), the purchaser, are pleased to announce the execution of a purchase and sale agreement for 45 townhomes to be built by D.R. Horton at The Arbors within the Farms of New Kent community. Site development is expected to begin in the coming months, pending final permitting approvals. Townhome sal.

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