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AZ Central

Ryland buying Trend Homes

December 10, 2012

Gilbert-based Trend Homes, one of metro Phoenix's largest homebuilders, is being purchased by Ryland Group Inc. The deal is another sign the region's homebuilding market is recovering.Phoenix-based investment firm Najafi Cos. is selling Trend Homes after buying the builder in 2008 for $85million. Trend Homes then was operating under bankruptcy protection. The terms of the sale to Ryland haven't yet been disclosed.

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