Thursday, April 25, 2013

San Jose's UCP is Going to IPO

Union Community Partners (UCP) is a San Jose-based homebuilder and developer who has just filed for a $125M IPO. They sell real estate lots for development to larger homebuilders or they build those lots out themselves using their Benchmark Communities brand. They currently control almost 5,000 residential lots in the South Bay, Central Valley, Monterey, and Puget Sound area. Not only is the IPO great news for San Jose, but it also shows how the housing market has rebounded since the bubble burst in 2008.

Source: SVBJ

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