Real estate developer Standard Pacific Corp. (NYSE: SPF) has closed a deal for homebuilding assets from Centerline Homes affiliates.
The deal gives Irvine, Calif.-based Standard Pacific about 3,000 home sites, and about 30 current and future communities. It also allows the company to increase its presence in the Florida and Charlotte, N.C. markets. The company builds home in Arizona, California, North Carolina, South Caroline, Colorado, Florida and Texas.
Centerline Homes, headquartered in Coral Springs, Fla., builds homes in Florida and North Carolina. Terms of the deal were not disclosed.
Other recent real estate transactions include the Geo Group’s (NYSE: GEO) acquisition of a Texas detention center, Kohlberg Kravis Roberts & Co. LP’s (NYSE: KKR) purchase of a retail park portfolio in England, and Ashford Hospitality Trust Inc.’s (NYSE: AHT) Key West, Fla.-resort buy.