Texas builder partners with investment firm to expand to Phoenix

Phoenix-area home builders soon may see some new competition if a Texas-based company follows through with plans to expand here to take advantage of the Valley’s rebounding housing market. Moving to Phoenix is one of the first ventures Grace­point Holding Co. might roll out this year as part of its larger plan to expand into new markets and eventually go public. Grace­point Holding is a partnership between Magnolia, Texas-based Grace­point Builders LP and IHP Capital Partners, a California-based investment firm. Grace­point Holding CEO Randy Birdwell said he’s interested in buying properties in the northwest and southeast Valley. “We want to ...

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