Real Estate & Home

GTIS Partners, Hovnanian close $200M JV targeting seven for-sale communities

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GTIS Partners and Hovnanian Enterprises have finalized a $200 million joint venture to develop seven for-sale communities across five states. This strategic partnership leverages third-party capital to manage risk and sustain growth, reflecting the current market's need for disciplined expansion in an environment of tight margins and uneven demand.

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