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California homebuilder buys Citizens Homes (access required)

West Coast developer and homebuilder UCP, Inc. is entering the Charlotte market through its acquisition of Citizens Homes, Inc. for $15 million. Citizens, a privately held company, operates in the four Southeastern markets of Charlotte, Raleigh, Myrtle Beach and Nashville. The purchase which is expected to close in the second quarter will expand UCP footprint and ...

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