On December 1, 2025, Parent contributed (for no consideration) to the Company all of Parent's interests in its wholly owned subsidiary Woodside. Woodside is a homebuilding company with operations in Arizona, California, Idaho, Nevada and Utah. On January 1, 2026, Parent contributed (for no consideration) to the Company all of Parent’s interests in its wholly owned subsidiaries Chesmar and Holt. Chesmar and Holt are homebuilding companies with operations in Texas, Oregon, and Washington.

Immediately prior to the contribution, the sole stockholder of the Company was also the sole stockholder of Woodside, Chesmar and Holt. As a result of the common ownership upon closing of the transactions, the acquisitions were considered common-control transactions and were outside the scope of the business combination guidance in ASC 805-50. The entities are deemed to be under common control as of April 19, 2024, which was the date that the sole stockholder acquired control of the Company and, therefore, held control over the Company.


	Woodside		Holt		Chesmar
	(Dollars in thousands)
Assets acquired
Homebuilding:
Cash and cash equivalents	$	20,987	$	19,952	$	27,056
Trade and other receivables	9,386		18,213		6,714
Accounts receivable due from Parent	2,117		1,170		—
Total inventories	1,372,565		493,430		665,338
Property and equipment, net	22,889		1,426		582
Deferred tax assets, net	5,574		5,368		14,321
Prepaid and other assets	67,999		21,982		42,498
Investment in unconsolidated entities	44,374		—		15,262
Goodwill and intangible assets, net	68,951		3,506		168,189
Total homebuilding assets acquired	$	1,614,842	$	565,047	$	939,959
Financial Services:
Cash and cash equivalents	$	—	$	—	$	13,032
Restricted Cash	—		—		433
Mortgage loans held-for-sale, net	—		—		20,301
Due from related parties	—		—		46
Other assets	—		—		8,369
Total financial services assets	—		—		42,181
Total Assets	$	1,614,842	$	565,047	$	982,140

Liabilities assumed
Homebuilding:
Accounts payable	$	49,035	$	16,025	$	33,864
Accrued and other liabilities	107,538		44,365		47,156
Related party payables	3,051		149		304
Related party note	99,900		—		—
Related party line of credit	—		20,000		—
Revolving credit facility	10,000		—		185,000
Notes payable, net	359,831		102,689		100,000
Total homebuilding liabilities assumed	$	629,355	$	183,228	$	366,324
Financial Services:
Accounts payable and accrued liabilities	$	—	$	—	$	2,029
Mortgage repurchase facilities	—		—		24,767
Total financial services liabilities	—		—		26,796
Total Liabilities	$	629,355	$	183,228	$	393,121

Net assets	$	985,487	$	381,819	$	589,019