WASHINGTON (dpa-AFX) - PulteGroup, Inc. (PHM), Thursday said it has completed the sale of land approved for around 1,500 residences in Broomfield, Colorado to Wheelock Street Capital LLC, a private real estate investment firm.
The all-cash transaction is for the remaining developed lots and undeveloped land in Anthem Colorado, a 1,700-acre master planned community in the northwest Denver metro area. Terms and conditions of the transaction were not disclosed. PulteGroup will not realize a material loss or gain on this land sale.
PulteGroup will maintain local customer service teams at Anthem and continue to provide warranty service to its current homeowners.
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