Gtis partners and hovnanian enterprises announce the expansion of their homebuilding joint venture portfolio to $1 billion of equity to build 12,600 homes valued at $6 billion

New york , may 2, 2024 /prnewswire/ -- gtis partners ("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 that they have expanded their partnership to develop, construct and sell homes in a new joint venture of eight additional for-sale homebuilding communities. to date, the partners have invested in approximately 70 homebuilding communities through multiple joint ventures.
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