11/23/12 John Weiland Sells Company

According to the AJC, John Weiland Homes and Neighborhoods was sold to the Greenwich, Connecticut-based private real estate investment firm Wheelock Street Capital.  The joint-venture arrangement includes 300 Weiland homes and 5,000 lots in subdivisions across the Southeast.  John Weiland will serve as Chairman of the company.

What this change in ownership means to Vickery and the preference that Wells Fargo has shown Weiland in buying lots in Vickery despite offers from builders who would build higher quality, compatible homes remanis to be seen.

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