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Orleans Homes Sells Three Divisions to Taylor Morrison
- Client News
- July 21, 2015
Taylor Morrison Home Corporation, a leading U.S. homebuilder and developer, announced that it has completed the acquisition of the Charlotte, Raleigh and Chicago operations and homebuilding assets of Paul, Weiss client Orleans Homes for approximately $166 million. Under the terms of the transaction, the acquired businesses will transition to the Taylor Morrison brand over the coming months, while Orleans' remaining four markets will continue to operate under the ownership of Orleans Homes, a homebuilder known for well-designed homes and communities.
The Paul, Weiss team included corporate partner Jeffrey Marell, real estate partner Peter Fisch, tax partner David Sicular, employee benefits partner Lawrence Witdorchic and environmental counsel William O'Brien.