GTIS Partners and Hovnanian Enterprises Announce Closing of $200 Million Homebuilding Joint Venture Portfolio Bringing Total Portfolio To $1.5 Billion [TheStreet.com]
Hovnanian Enterprises, Inc. Class A (HOV)
US:NYSE Investor Relations:
khov.com/investor-relations
Company Research
Source: TheStreet.com
NEW YORK April 8, 2026 /PRNewswire/ -- GTIS Partners LP ("GTIS"), a global real estate investment firm with a focus on residential and industrial/logistics investments, and Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced the closing of a $200 million joint venture to develop, construct and sell homes across a diversified portfolio of for-sale homebuilding communities. Under the joint venture, GTIS through its investment vehicles is investing $150 million of equity capital alongside Hovnanian contributing $50 million, or 25%, of the capital requirement for total build out costs projected at approximately $545 million representing $617 million in home value, raising the total home value of the GTIS-Hovnanian homebuilding joint venture to $8 billion. The portfolio comprises seven homebuilding communities spanning five states, with approximately 907 homes remaining at closing and is diversified by geography and product type, including active adu
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News
- Hovnanian Enterprises (HOV) is now covered by Citizens Jmp. They set an "underperform" rating and a $74.00 price target on the stock.MarketBeat
- GTIS Partners and Hovnanian Enterprises Announce Closing of $200 Million Homebuilding Joint Venture Portfolio Bringing Total Portfolio To $1.5 BillionPR Newswire
- Hovnanian Enterprises Q1 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises to Present at J.P. Morgan's 2026 Global Leveraged Finance ConferenceGlobeNewswire
- Hovnanian Enterprises Reports Fiscal 2026 First Quarter Results [Yahoo! Finance]Yahoo! Finance
HOV
Earnings
- 12/4/25 - Miss
HOV
Sec Filings
- 4/3/26 - Form 4
- 4/1/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- HOV's page on the SEC website