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Meritage Homes JV buys 700 lots for Fort Worth, Texas, project

Meritage Homes Corp. and a subsidiary of Green Brick Partners Inc. acquired 700 lots in the Cibolo Hills subdivision of Fort Worth, Texas, for an undisclosed amount.

Meritage and Trophy Signature Homes LLC will develop the community in a 50/50 joint venture, with construction on the roughly 216-acre project slated to commence in October.