United development Fund

Megatel Homes Sues Centurion American, United Development; Seeks $100 Million

By Candy Evans / June 20, 2019 /

Megatel Homes, one of North Texas’ most prolific homebuilders, is suing even more prolific Centurion American Development Group and Grapevine-based United Development Group, charging that the firms “conspired to take advantage of Megatel,” mostly by selling development properties to competing homebuilders. Megatel is seeking $100 million in damages. If the names of these companies sound…

Read More

Why Did Kyle Bass Make Such a Big Deal About Centurion American in His Beef Against United Development?

By Candy Evans / February 22, 2016 /

Nothing like the weekend to get the real estate buzz brewing. Almost every developer I spoke with — three, all off the record, of course — is scratching their head about the way Hayman Capital Management’s Kyle Bass has brought Mehrdad Moayedi, founder and CEO of Centurion Development, into the United Development Funding story spotlight.…

Read More