Acres to be Developed by Newland: Japanese Builder Acquires 3,400

Ted Nelson, Newland Communities

In Austin, A Japanese builder has purchased the remaining land in large-scale planned communities in Austin, Dallas and Denver, some 3,400 acres from Wheelock Street Capital.

The purchased acres will yield more than 4,600 single-family lots and 125 commercial acres. The buyer is North American Sekisui House, a subsidiary of Japanese builder and developer Sekisui House Ltd. The firm will develop the communities with San Diego-based Newland Communities. The Texas properties included in the transaction include Sweetwater in Austin and Canyon Falls, in the Dallas-Fort Worth area. Also included are two Denver area communities, Anthem Colorado in Broomfield and Inspiration Colorado in northern Douglas County. Houston-based Ted Nelson, Newland’s Central Region President, will oversee the four communities for Newland. North American Sekisui House, (NASH), which is based in Arlington, Va., and Newland develop and manage a portfolio of more than 30 active communities in the U.S.