NORTH AMERICA SEKISUI HOUSE LLC-Newland Real Estate Group LLC joint venture acquires 28 residential master-planned communities in 11 US states.

1/18/2012 12:00:00 AM

San Diego, CA NORTH AMERICA SEKISUI HOUSE, LLC (NASH) and Newland Real Estate Group LLC (Newland), through their affiliates, have formed a new joint venture, NASH-NEWLAND LLC, and acquired the largest operating portfolio of residential master-planned communities in the United States.The joint venture has purchased the interests of the California Public Employees’ Retirement System (CalPERS) and American Newland Communities, LP in 28 master-planned communities, located in 15 markets in 11 states.