A Darling Deal for Darling Homes, and Further Proof the DFW Economy is Cooking
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I happen to be pretty crazy about Frisco-based Darling Homes. Apparently, others are too. Darling Homes has entered into a purchase agreement to be acquired by Scottsdale, Ariz.-based home builder Taylor Morrison. Even more exciting: Taylor Morrison, which is owned by private equity funds, wants to go public. The company is working on a $250 million stock offering right now. Thus Taylor Morrison would be the first home building company to go public since the housing crash. And certainly having Darling on board will make investors do a major double take. Word from Taylor Morrison was that the acquisition will give home buyers a bigger pool of homes to choose from, and as usual, the acquisition is subject to many conditions and approvals, But still, what a great move!
What do I love about Darling? Their New Home Smell scent, for one, and the way they build “move-up” affordable homes at volume builder prices, but finish-outs that rival some of the best custom homes in Dallas. Darling is just killing it up in the hinterlands of Prosper, Frisco, McKinney, Lantana, Coppell, Allen, Arlington, Carrollton and Las Colinas.
Darling builds in about twenty communities in Dallas and Houston, and I am dying to get up and see their new patio homes in Carrollton at Austin Waters.
The family-owned home builder recently celebrated its 25-year anniversary and does a great deal of philanthropic work in the community, such as Manegait and is consistently voted as one the the best places to work in D/FW. This new acquisition will put another locally-birthed Dallas company on the national map. That’s just Darling!
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Darling indeed. They are awesome with quality, fantastic designs and the latest features to today's homebuyers look for. They also treat the buyers with the utmost care and the Realtors alike. Always a pleasure to do a deal with them. However 250 million sounds a bit low for what Darling has to offer. Do you have any inside info on the company from AZ?
Darling indeed. They are awesome with quality, fantastic designs and the latest features to today's homebuyers look for. They also treat the buyers with the utmost care and the Realtors alike. Always a pleasure to do a deal with them. However 250 million sounds a bit low for what Darling has to offer. Do you have any inside info on the company from AZ?
The pessimist in me wonders if the quality and and customer friendly aspects of the company will be compromised by this buyout. I hope not.
The pessimist in me wonders if the quality and and customer friendly aspects of the company will be compromised by this buyout. I hope not.
The pessimist in me wonders if the quality and and customer friendly aspects of the company will be compromised by this buyout. I hope not.
The pessimist in me wonders if the quality and and customer friendly aspects of the company will be compromised by this buyout. I hope not.