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| Hovnanian Enterprises to partner with GoldenTree InSite Partners Hovnanian Enterprises, Inc. and GoldenTree InSite Partners announced that they have entered into a joint venture agreement to acquire a portfolio of homebuilding projects. The venture intends to design, sell, and deliver homes on the properties, which are located across 11 communities in the greater Chicago market and Palm Beach County, Florida. Hovnanian invested 20% of the equity capital in the new venture, with GoldenTree InSite providing the balance. Hovnanian will manage the day-to-day operations of the venture. write your comments about the article :: © 2009 Construction News :: home page |