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Scottsdale developer DMB sells off 308 home lots at Verrado in Buckeye to Kennedy Lewis for $44.5M ($144k/lot)

  • 7/15/2026

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Phoenix Business Journal

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Highlights
Kennedy Lewis Investment Management bought 308 lots at Verrado for $44.5 million
The transaction is Arizona's largest lot sale in 2026 to date
Tri Pointe Homes may sell some lots to other homebuilders after closing

DMB Associates
Nick Taratsas | EVP, DMB Development
[email protected]
480-367-7000
Tri Pointe Homes (NYSE: TPH)
Jason Weber | VP, Land Acquisition & Development-Southwest
[email protected]
480-346-2686
Kennedy Lewis Investment Management
David Valiaveedan | Partner, Homebuilding/Land Development
[email protected]
212-782-3480

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