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Japanese homebuilder expands footprint in Seattle area and around U.S.

February 8, 2024

In a $4.9 billion deal, Japanese homebuilder Sekisui House, Ltd. is purchasing M.D.C. Holdings Inc., of Denver. The acquisition makes Sekisui, which has projects in Washington and 13 other states plus Washington, D.C., the fifth-largest homebuilder in the U.S.

Sekisui’s projects in the Greater Seattle area include:

Tehaleh in Tacoma, a mixed use development with a three-star rating from the Built Green Program (the highest rating for community development projects).  When completed, it will encompass 8,228 housing units and 1,336 multi-family rental apartments. Tehaleh has consistently ranked among the top 50 master-planned communities in the U.S.

Kiara in Seattle’s South Lake Union neighborhood, a 41-story high-rise with 461 rental apartments completed in 2018.

The Ivey on Boren in Seattle, a 44-story development near Amazon’s campus with 406 apartments. This co-development with the adjacent The Ayer was completed in 2022.

The Ayer in Seattle’s Denny Triangle has 454 apartments with year-round rooftop amenities Completed in 2023, it contains 6 stories underground and 45 stories above ground.

Vicino, in Bellevue’s Spring District, has 402 apartments with 1, 2 and 3 bedrooms. The 9-story building with ground floor retail is adjacent to an under-construction light rail line that will connect Microsoft’s Redmond campus to downtown Bellevue, Seattle and Sea-Tac Airport.

North America Sekisui House (NASH) is headquartered in Arlington, Virginia. Its projects in the U.S. include master-planned communities, mixed-use, multifamily, and condominiums. Since 1960, Sekisui House has provided more than 2.6 million homes to customers in Japan and globally.

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