Stuart Miller Of Lennar Acquires 15 Lots In Princeton From Mehrdad Moayedi Of Centurion American

The transaction involved a development site located in Princeton, Texas. Centurion American sold 15 lots in the third phase of its 850-acre Whitewing Trails master-planned community to Lennar. The site is a part of a larger plan for 2,500 single-family homes and 400 multifamily units, with around 2,000 lots already developed to meet the increasing housing demand spurred by Princeton’s rapid population growth.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not Specified
• Buyer: Stuart Miller - Lennar
• Seller: Mehrdad Moayedi - Centurion American
• Market: Princeton
• Project Description: 850-acre Whitewing Trails master-planned community with 100 homes planned for the 30-acre phase

Stuart Miller represents Lennar in this transaction while Mehrdad Moayedi represents Centurion American. The sale marks the first builder entry into the new phase of development, and it illustrates the ongoing efforts to address the housing demand in the region.