Los Angeles Business Journal

Ryland Expands in Indiana

By Business Journal Staff Wednesday, September 18, 2013

Ryland Group Inc. on Wednesday said that it has opened a residential development in Indiana.

The Boulders subdivision in the community of Fishers features two-story and ranch floor plans with up to five bedrooms and five-and-a-half baths, and three-car side entry garages or two-car courtyard garages. Homes start at $280,000.

The Westlake Village homebuilder announced a month ago the opening of two other developments in Indiana.

Also, in July, Ryland acquired the assets of Cornell Homes, a Philadelphia home builder, the fourth acquisition the company has made in the previous year. It acquired Texas developer LionsGate Homes in May, Trend Homes in Phoenix in December and Timberstone Homes’ operations in Charlotte and Raleigh, N.C. last July.

Ryland has operations in 14 states.

Shares gained $3.43, or 8.7 percent, to close at $42.78 on the New York Stock Exchange.