Berkshire Hathaway Inc. has entered into an agreement to acquire Taylor Morrison Home Corporation, a move that will push HomeServices of America’s parent company further into the new home construction space.
The deal announced May 31 is just the latest in a series of consolidation moves that have occurred within the real estate industry over the past year.
The details of the deal: Berkshire Hathaway will acquire the Scottsdale, Arizona-based national home builder for $72.50 per common share, with Taylor Morrison’s total equity value estimated to be about $6.8 billion and the total enterprise value pegged at about $8.5 billion, according to a news release…