InvestmentsReal Estate

Clayton Homes buys Georgia homebuilder for $50 million

Chafin Communities becomes part of Berkshire Hathaway empire

Clayton Homes, a manufactured home builder that is part of Warren Buffet’s Berkshire Hathaway (BRK), is buying Chafin Communities, a Georgia-based residential homebuilder, for $50 million.

The details of the transaction are scarce at this point. According to the Atlanta Business Chronicle, which first reported the acquisition earlier Monday, Clayton will receive nearly 1,100 lots as part of the deal.

The Atlanta Business Chronicle also reported that Chafin Communities’ founders, Eric and Daryl Chafin, will continue to lead the company and Chafin’s 25 employees will join Clayton.

According to the Atlanta Business Chronicle, Chafin Communities builds predominantly in northeast Atlanta, in Gwinnett, Forsyth and Hall counties.

Most Popular Articles

Spouse of Quicken Loans executive sues AIME’s Anthony Casa for defamation

Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.

Jul 12, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please