Everest Holdings acquired a 128 acre land parcel in San Tan Valley, AZ with entitlements for up to 444 single family detached homes. The subdivision will be known as Sherwood Park. The seller was the D’Wayne Sherwood Profit Sharing Plan. Everest plans to complete the remaining entitlements and sell the property to one or more homebuilders. The purchase price was $6.5 million.
