Sekisui House, Ltd. ("Sekisui House") (TSE:1928), through SH Residential Holdings, LLC, a subsidiary of Sekisui House US Holdings, LLC, its U.S. business controlling company (the "Sekisui House Group"), today announced that it has completed its acquisition of M.D.C. Holdings, Inc. ("MDC") (NYSE: MDC), one of the leading homebuilders in the U.S. delivering high-quality homes over the past 50 years.
Sekisui House, Ltd. ("Sekisui House") (TSE:1928), a top-tier house manufacturer in Japan having delivered over 2.62 million homes worldwide since its establishment, and M.D.C. Holdings, Inc. ("MDC") (NYSE: MDC), one of the leading homebuilders in the U.S. delivering high-quality homes over the past 50 years, announced today a definitive agreement pursuant to which a wholly-owned subsidiary of Sekisui House will acquire MDC in an all-cash transaction with an equity value of US$4.9 billion (approx
Today, SH Residential Holdings (SHRH), the U.S.-based residential home operation of Sekisui House Ltd., announced Toru Tsuji as Chief Executive Officer overseeing the Sekisui House U.S. portfolio. Tsuji brings with him a wealth of experience with the company, having most recently served as Head of the Business Strategy Office of the International Business Department (IBD) since 2019, as well as the position of Deputy Head of the IBD, where he also served as CEO of both Australia and UK business.