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M/I Homes buys Detroit builder


... builder M/I Homes announced today that it is buying the Detroit-area builder Pinnacle Homes for an undisclosed amount. Pinnacle, based in Bloomfield Hills, Michigan, sold 214 homes last year and controls more than 1,000 home sites in the Detroit area ...


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Jim Weiker The Columbus Dispatch @JimWeiker The Columbus builder M/I Homes announced today that it is buying the Detroit-area builder Pinnacle Homes for an undisclosed amount.Pinnacle, based in Bloomfield Hills, Michigan, sold 214 homes last year and controls more than 1,000 home sites in the Detroit area, according to an M/I news release.“We believe this acquisition represents an excellent strategic fit for M/I Homes and further enhances our market position with a well-established operation and land position in a dynamic and growing housing market,” said M/I Chief Executive Robert Schottenstein.Howard Fingeroot, who founded Pinnacle with Steve Friedman in 2005, will take over as president of M/I’s Detroit division.Detroit becomes M/I Home’s 16th market.  Never miss a story Choose the plan that's right for you. Digital access or digital and print delivery. Subscribe Now Sign up for daily e-mails Sign up Reader ServicesSubscribeManage SubscriptionLive ChatDMG RewardsAbout the DispatchMy ProfileOnline ServicesE-EditionDispatch Photo StoreOSU Photo StoreDispatch NIERSS FeedsPodcastsNewslettersMobile AppPrint ArchivesAdvertisingPlace an AdMedia KitWeekly AdsClassifiedsDMG + ThriveHiveContact UsStaff DirectoryNews TipsSend letters to the EditorCalendarDispatch careersPrivacy policy

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