Developer docs
API playgroundTry for free, no card

Search company profiles

Hopkins Homes

Full company profile

uuid000l5yu

Namestring
Hopkins Homes
Legal namestring
Hopkins Homes Limited
Company typeenum
Private
Founded yearint
1992
Descriptiontext

Hopkins Homes is a UK private regional housebuilder founded in 1993, headquartered in Bury St Edmunds, Suffolk (registered office of its parent untypical is in Guernsey). The company designs, constructs, and sells newly built residential properties — detached, semi-detached, terraced houses and apartments ranging from 1 to 5 bedrooms — across East Anglia, including Norfolk, Suffolk, Essex, Bedfordshire, and Cambridgeshire. Core technical specifications include air source heat pumps, underfloor heating to the ground floor, EPC ratings of B or higher as standard, M4(2) accessibility compliance, and 10-year NHBC Buildmark warranties, supplemented by premium fixtures from Porcelanosa, Roca, Bosch, and Vado. Every future development is entered into the Building for a Healthy Life assessment from the planning stage.

The business operates a direct-sales go-to-market model: each named development (e.g., Kingsfleet in Thetford, Loddon Rise, The Tanner's Quarter in North Walsham, Abbots Vale, Church View Bramford, Chediston Place, Wixams) carries a dedicated show home and on-site Sales Executive guiding buyers through the purchase process. Pricing is per unit, spanning roughly £140,000 for entry-level apartments to over £620,000 for larger family homes, with buyer incentive schemes (Part Exchange, Smooth Move, Key Worker Discount, Armed Forces Discount, Recommend a Friend) layered on top. Revenue is generated primarily through one-time new-build home sales (one_time_license model) with a growing diversification into build-to-rent via an Invesco institutional PRS partnership announced in January 2025.

Customer segments are horizontal across residential personas — first-time buyers (primary), growing families (primary), and downsizers (secondary) — supported by multiple strategic partnerships: Octopus Energy (10-year Zero Bills Guarantee, September 2024), Pulse Fibre (full-fibre broadband, April 2025), Invesco (PRS, January 2025), NHBC (warranty and awards), and Careline UK (24/7 homeowner emergency support). In October 2024, Hopkins Homes and Tilia Homes were unified under a new parent group called 'untypical', positioning the combined entity as a customer-centric UK housebuilder. Operational quality has been externally validated by four 2026 NHBC Pride in the Job Awards (placing site managers in the top 6% nationally of 7,500 sites), a 96.9% customer recommendation rate per HBF Survey 2026, and an Excellent Trustpilot rating.

Short descriptiontext

Hopkins Homes is a UK regional housebuilder designing, building, and selling 1-5 bedroom new homes across East Anglia (Norfolk, Suffolk, Essex, Bedfordshire, Cambridgeshire), serving first-time buyers, families, and downsizers with energy-efficient, NHBC-warranted properties under the 'untypical' parent group.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersWoodbridge, United Kingdom
HQ citystring
Woodbridge
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
new build homes, residential housebuilding, property development, energy efficient homes, home construction
Industry2 codes
1IMAFABAD
CodeIMAFABADPrimaryYes
2IMAFABAH
CodeIMAFABAHPrimaryNo
NAICS code2 codes
  • 236117
  • 23611
SIC code1 code
  • 1520
Product category
Residential Homebuilding
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1New Build Home Sales
TypeOne Time License
Description

Hopkins Homes generates revenue through the sale of newly constructed residential properties. The company builds and sells homes across various price points ranging from approximately £140,000 to over £600,000, targeting first-time buyers, families, and downsizers in East Anglia.

hopkinshomes.co.uk
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales
Pricing details4 tiers
1Kingsfleet, Thetford - Starting from £140,000
ModelUnit PricingBilling cadencePay-as-you-go
Notes

1-bedroom apartments from £140,000; 3-bedroom homes from £230,000; 4-bedroom homes up to £425,000

hopkinshomes.co.uk
2Loddon Rise, Loddon - Starting from £160,000
ModelUnit PricingBilling cadencePay-as-you-go
Notes

1-bedroom apartments from £160,000; 3-bedroom homes from £325,000; 4-5 bedroom homes up to £550,000. 5% deposit contributions available up to £16,250.

hopkinshomes.co.uk
3The Tanner's Quarter, North Walsham - Starting from £250,000
ModelUnit PricingBilling cadencePay-as-you-go
Notes

2-3 bedroom homes from £250,000; 4-bedroom homes up to £475,000. 5% deposit paid incentives available.

hopkinshomes.co.uk
4Various developments - prices from £225,000 to £620,000
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Chediston Place from £225,000; Abbots Vale from £290,000; Beaulieu from £620,000; Church View from £475,000; Wickham Gate from £495,000; Mill Grove from £255,000

hopkinshomes.co.uk
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Hopkins Homes builds and sells newly constructed residential homes — including detached, semi-detached, terraced houses and apartments — across East Anglia. The company emphasizes craftsmanship, energy-efficient specifications (EPC B+ rated), and a heritage spanning more than 30 years, with developments positioned for first-time buyers, growing families and downsizers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 96.9% of customers would recommend Hopkins Homes to a friend (HBF Survey Results 2026)
+3 more records
Product overview1 text field

Hopkins Homes is a housebuilder offering newly constructed residential properties across East Anglia. The core product consists of new build homes including detached, semi-detached, terraced houses and apartments ranging from 1 to 5 bedrooms. The company operates across multiple UK counties including Norfolk, Suffolk, Essex, Bedfordshire, and Cambridgeshire. Supporting the core home sales, Hopkins offers supplementary buying schemes including Part Exchange, Smooth Move, Key Worker Discount, Armed Forces Discount, and Recommend a Friend referral program. The company's portfolio includes named developments such as Kingsfleet (Thetford), Loddon Rise (Loddon), and The Tanner's Quarter (North Walsham), with homes featuring energy-efficient specifications including air source heat pumps and A or B EPC ratings as standard.

Product and service3 records
1New Build Homes
CategoryResidential Homebuilding
2Part Exchange Scheme
CategoryHome Buying Services
3Smooth Move Scheme
CategoryHome Buying Services
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-04-08
Description

Hopkins Homes partnered with Pulse Fibre to provide homeowners with lightning-fast broadband connectivity from the moment they move in. This partnership ensures high-speed internet access is available as a standard feature for new homeowners.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-09-05
Description

First UK housebuilder to offer 10-year Zero Bills Guarantee in partnership with Octopus Energy, providing homeowners with comprehensive energy cost certainty.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

National House Building Council provides the 10-year Buildmark warranty on all Hopkins Homes properties. NHBC also runs the Pride in the Job Awards recognizing site manager excellence.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Emergency out of hours customer support provider for homeowners, ensuring 24/7 assistance is available for aftercare and emergency situations.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

One of the UK's largest volume housebuilders, building and selling new homes across multiple regions. Comparable to Hopkins in being a for-sale residential builder, but operates nationally at much greater scale with a broader product mix.

TypeBroad incumbent
Description

Major UK housebuilder with nationwide operations, comparable in core activity (build and sell new homes). Operates broader than Hopkins with national land bank and significantly greater annual unit volumes.

TypeBroad incumbent
Description

Largest UK housebuilder by volume following Barratt-Redrow merger, offering the same core new-build for-sale residential product nationally. Comparable product but operates at materially greater scale and geographic reach than Hopkins.

TypeDirect peer
Description

Large UK housebuilder focused on family and first-time-buyer homes across regional divisions. Most directly comparable UK-listed peer to Hopkins in terms of customer segments (first-time buyers, families, downsizers), product type, and reliance on regional operating divisions.

TypeDirect peer
Description

UK housebuilder focused on premium-quality family homes across southern England. Comparable to Hopkins in its brand-quality positioning, design-led placemaking emphasis, and target customer segments at similar price points.

TypeDirect peer
Description

Sister company under the same 'untypical' parent; builds and sells new homes across the Midlands and southern England. Most directly comparable to Hopkins — shared ownership, shared operating model, shared parent — but operates in different UK regions.

TypeDirect peer
Description

Privately held UK housebuilder building family homes across the Midlands and other regional markets. Comparable as a medium-sized private for-sale builder focused on family segments with similar quality-led positioning to Hopkins.

TypeBroad incumbent
Description

Major UK housebuilder now part of Vistry Group, focused on family homes. Comparable in core new-build for-sale residential activity, but operates nationally and at greater scale than Hopkins.

TypeDirect peer
Description

Large UK regional housebuilder focused on family and first-time-buyer homes, with strong presence in the Midlands and North. Comparable as a private UK regional builder with similar product mix and customer segments to Hopkins.

TypeBroad incumbent
Description

UK premium-focused housebuilder with nationwide operations. Comparable in its design-led, quality positioning (Redrow's 'Heritage' collection overlaps with Hopkins' traditional-architectural approach), though operates at considerably greater scale.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Hopkins Homes

Residential Homebuildinghopkinshomes.co.uk

Hopkins Homes is a UK regional housebuilder designing, building, and selling 1-5 bedroom new homes across East Anglia (Norfolk, Suffolk, Essex, Bedfordshire, Cambridgeshire), serving first-time buyers, families, and downsizers with energy-efficient, NHBC-warranted properties under the 'untypical' parent group.

What Hopkins Homes does

Hopkins Homes is a UK private regional housebuilder founded in 1993, headquartered in Bury St Edmunds, Suffolk (registered office of its parent untypical is in Guernsey). The company designs, constructs, and sells newly built residential properties — detached, semi-detached, terraced houses and apartments ranging from 1 to 5 bedrooms — across East Anglia, including Norfolk, Suffolk, Essex, Bedfordshire, and Cambridgeshire. Core technical specifications include air source heat pumps, underfloor heating to the ground floor, EPC ratings of B or higher as standard, M4(2) accessibility compliance, and 10-year NHBC Buildmark warranties, supplemented by premium fixtures from Porcelanosa, Roca, Bosch, and Vado. Every future development is entered into the Building for a Healthy Life assessment from the planning stage.

The business operates a direct-sales go-to-market model: each named development (e.g., Kingsfleet in Thetford, Loddon Rise, The Tanner's Quarter in North Walsham, Abbots Vale, Church View Bramford, Chediston Place, Wixams) carries a dedicated show home and on-site Sales Executive guiding buyers through the purchase process. Pricing is per unit, spanning roughly £140,000 for entry-level apartments to over £620,000 for larger family homes, with buyer incentive schemes (Part Exchange, Smooth Move, Key Worker Discount, Armed Forces Discount, Recommend a Friend) layered on top. Revenue is generated primarily through one-time new-build home sales (one_time_license model) with a growing diversification into build-to-rent via an Invesco institutional PRS partnership announced in January 2025.

Customer segments are horizontal across residential personas — first-time buyers (primary), growing families (primary), and downsizers (secondary) — supported by multiple strategic partnerships: Octopus Energy (10-year Zero Bills Guarantee, September 2024), Pulse Fibre (full-fibre broadband, April 2025), Invesco (PRS, January 2025), NHBC (warranty and awards), and Careline UK (24/7 homeowner emergency support). In October 2024, Hopkins Homes and Tilia Homes were unified under a new parent group called 'untypical', positioning the combined entity as a customer-centric UK housebuilder. Operational quality has been externally validated by four 2026 NHBC Pride in the Job Awards (placing site managers in the top 6% nationally of 7,500 sites), a 96.9% customer recommendation rate per HBF Survey 2026, and an Excellent Trustpilot rating.

Hopkins Homes firmographics

Firmographics
Name
Hopkins Homes
Legal name
Hopkins Homes Limited
Website
https://www.hopkinshomes.co.uk/
Company type
Private
Founded year
1992
Operating status
Operating
Headcount range
101–250 employees
Short description
Hopkins Homes is a UK regional housebuilder designing, building, and selling 1-5 bedroom new homes across East Anglia (Norfolk, Suffolk, Essex, Bedfordshire, Cambridgeshire), serving first-time buyers, families, and downsizers with energy-efficient, NHBC-warranted properties under the 'untypical' parent group.
Ownership category
akta.pro rank

Where Hopkins Homes is headquartered

Location

Headquarters

HQ city
Woodbridge
HQ country
United Kingdom
HQ region
Europe

Offices2 records

Markets served

Hopkins Homes business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

  1. New Build Home Sales: Hopkins Homes generates revenue through the sale of newly constructed residential properties. The company builds and sells homes across various price points ranging from approximately £140,000 to over £600,000, targeting first-time buyers, families, and downsizers in East Anglia.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goKingsfleet, Thetford - Starting from £140,000
Unit PricingPay-as-you-goLoddon Rise, Loddon - Starting from £160,000
Unit PricingPay-as-you-goThe Tanner's Quarter, North Walsham - Starting from £250,000
Unit PricingPay-as-you-goVarious developments - prices from £225,000 to £620,000

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Hopkins Homes product offering

Product offering

Core offering

Hopkins Homes builds and sells newly constructed residential homes — including detached, semi-detached, terraced houses and apartments — across East Anglia. The company emphasizes craftsmanship, energy-efficient specifications (EPC B+ rated), and a heritage spanning more than 30 years, with developments positioned for first-time buyers, growing families and downsizers.

Product overview

Hopkins Homes is a housebuilder offering newly constructed residential properties across East Anglia. The core product consists of new build homes including detached, semi-detached, terraced houses and apartments ranging from 1 to 5 bedrooms. The company operates across multiple UK counties including Norfolk, Suffolk, Essex, Bedfordshire, and Cambridgeshire. Supporting the core home sales, Hopkins offers supplementary buying schemes including Part Exchange, Smooth Move, Key Worker Discount, Armed Forces Discount, and Recommend a Friend referral program. The company's portfolio includes named developments such as Kingsfleet (Thetford), Loddon Rise (Loddon), and The Tanner's Quarter (North Walsham), with homes featuring energy-efficient specifications including air source heat pumps and A or B EPC ratings as standard.

Differentiator

Problem solved

Functional benefit

Products and services

  • New Build Homes
  • Part Exchange Scheme
  • Smooth Move Scheme

Quantifiable outcome

  • 96.9% of customers would recommend Hopkins Homes to a friend (HBF Survey Results 2026)
  • +3 more outcomes

Companies that use Hopkins Homes

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Hopkins Homes technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Hopkins Homes partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • Pulse FibrecoreTechnology or Integration · 8 April 2025Hopkins Homes partnered with Pulse Fibre to provide homeowners with lightning-fast broadband connectivity from the moment they move in. This partnership ensures high-speed internet access is available as a standard feature for new homeowners.
  • Octopus EnergycoreStrategic or Co-development Partner · 5 September 2024First UK housebuilder to offer 10-year Zero Bills Guarantee in partnership with Octopus Energy, providing homeowners with comprehensive energy cost certainty.
  • NHBCcoreStrategic or Co-development PartnerNational House Building Council provides the 10-year Buildmark warranty on all Hopkins Homes properties. NHBC also runs the Pride in the Job Awards recognizing site manager excellence.
  • Careline UK Monitoring LtdminorStrategic or Co-development PartnerEmergency out of hours customer support provider for homeowners, ensuring 24/7 assistance is available for aftercare and emergency situations.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Hopkins Homes competitors and assessment

Company assessment

Broad incumbents

  • Persimmon plc: One of the UK's largest volume housebuilders, building and selling new homes across multiple regions. Comparable to Hopkins in being a for-sale residential builder, but operates nationally at much greater scale with a broader product mix.
  • Taylor Wimpey plc: Major UK housebuilder with nationwide operations, comparable in core activity (build and sell new homes). Operates broader than Hopkins with national land bank and significantly greater annual unit volumes.
  • Barratt Developments (Barratt Redrow): Largest UK housebuilder by volume following Barratt-Redrow merger, offering the same core new-build for-sale residential product nationally. Comparable product but operates at materially greater scale and geographic reach than Hopkins.
  • Bovis Homes (Vistry Group): Major UK housebuilder now part of Vistry Group, focused on family homes. Comparable in core new-build for-sale residential activity, but operates nationally and at greater scale than Hopkins.
  • Redrow plc: UK premium-focused housebuilder with nationwide operations. Comparable in its design-led, quality positioning (Redrow's 'Heritage' collection overlaps with Hopkins' traditional-architectural approach), though operates at considerably greater scale.

Direct peers

  • Bellway plc: Large UK housebuilder focused on family and first-time-buyer homes across regional divisions. Most directly comparable UK-listed peer to Hopkins in terms of customer segments (first-time buyers, families, downsizers), product type, and reliance on regional operating divisions.
  • Crest Nicholson Holdings plc: UK housebuilder focused on premium-quality family homes across southern England. Comparable to Hopkins in its brand-quality positioning, design-led placemaking emphasis, and target customer segments at similar price points.
  • Tilia Homes: Sister company under the same 'untypical' parent; builds and sells new homes across the Midlands and southern England. Most directly comparable to Hopkins — shared ownership, shared operating model, shared parent — but operates in different UK regions.
  • Bloor Homes: Privately held UK housebuilder building family homes across the Midlands and other regional markets. Comparable as a medium-sized private for-sale builder focused on family segments with similar quality-led positioning to Hopkins.
  • Keepmoat Homes: Large UK regional housebuilder focused on family and first-time-buyer homes, with strong presence in the Midlands and North. Comparable as a private UK regional builder with similar product mix and customer segments to Hopkins.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

Hopkins Homes social profiles

Digital presence

Hopkins Homes financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Hopkins Homes leadership team

Management profile

Number of profiles

Profiles3 records

Hopkins Homes funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Hopkins Homes M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hopkins Homes

What does Hopkins Homes do?

Hopkins Homes builds and sells newly constructed residential homes — including detached, semi-detached, terraced houses and apartments — across East Anglia. The company emphasizes craftsmanship, energy-efficient specifications (EPC B+ rated), and a heritage spanning more than 30 years, with developments positioned for first-time buyers, growing families and downsizers.

Is Hopkins Homes a public or private company?

Hopkins Homes is a private company. It is classified as corporate owned and is currently operating.

When was Hopkins Homes founded?

Hopkins Homes was founded in 1992. It employs 101 to 250 people.

Where is Hopkins Homes based?

Hopkins Homes is headquartered in Woodbridge, United Kingdom, in the Europe region.

How does Hopkins Homes make money?

One revenue line is on record: new Build Home Sales.

Who are Hopkins Homes's main competitors?

Broad incumbents on record are Persimmon plc, Taylor Wimpey plc, Barratt Developments (Barratt Redrow), Bovis Homes (Vistry Group) and Redrow plc. Direct peers are Bellway plc, Crest Nicholson Holdings plc, Tilia Homes, Bloor Homes and Keepmoat Homes.

Does Hopkins Homes have an API?

No public API is recorded for Hopkins Homes.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
inews.co.ukWhat house builders are offering to buyers as they try to shift homesSeveral major UK housebuilders including Hopkins Homes, Taylor Wimpey, Tilia Homes, and Barratt London are offering incentives such as cash gifts, paid legal fees, and discounted mortgage rates to attract buyers in a challenging market. According to Savills data, new home sales in London fell from 20,000 per year between 2013-2015 to just 7,500 last year, representing an 11% decline from 2023. Property experts cited in the article advise buyers to approach these incentives with caution and negotiate firmly, noting that the current market favors purchasers.PR NewswireTilia Homes and Hopkins Homes announce 'Zero Bills' partnership with Octopus EnergyTilia Homes and Hopkins Homes have announced a partnership with Octopus Energy to offer the 'Zero Bills' proposition on select properties, featuring homes equipped with solar panels, air-source heat pumps, and home batteries managed through Octopus's Kraken technology platform. The homes, located at Tilia Homes' Landimore Park development in Northampton and Hopkins Homes' Church View in Bramford, Suffolk, guarantee customers no energy bills through optimisation of clean energy devices. Octopus Energy has accredited close to 1,000 homes across the UK through developer partnerships and plans to deliver 50,000 'Zero Bills' homes globally by 2025.HopkinshomesTerra Firma Acquire Hopkins HomesTerra Firma, a private equity investment firm, has completed its acquisition of East Anglian housebuilder Hopkins Homes, with the company citing its design and building capabilities and customer care as reasons for the investment. Hopkins Homes said the sale is positive and exciting for its future, with no changes expected for customers, suppliers or colleagues. Financial terms were not disclosed.Terra FirmaTerra Firma acquires leading East Anglian housebuilder Hopkins HomesTerra Firma has completed the acquisition of Hopkins Homes, the largest privately-owned housebuilder in East Anglia. The deal aligns with Terra Firma's strategy to invest in asset-backed businesses with growth potential, while Hopkins Homes will continue its daily operations under current management. Founder James Hopkins retains ownership of a separate entity, Denbury Homes, which was excluded from this transaction.