The New Home Company Inc. (NYSE:NWHM) agreed to acquire Epic Homes, LLC from Christina D. Presley for $8.4 million on February 26, 2021. As part of the consideration, New Home Company will pay total of $8.4 million less Holdback Amount and the Trails Delay Additional Holdback Amount. New Home Company will retain $1 million to satisfy the indemnity obligations of the sellers and will also retain an additional $0.5 million to satisfy the Trails Delay Liquidated Damages. Following the consummation of the Acquisition, the Company repaid approximately $24 million of the Epic Companies’ third-party indebtedness and purchased lots from a third party for approximately $4.3 million. New Home Company funded the Acquisition with cash on hand. Epic President and Founder Christina Presley will remain on board as President of Epic Homes. Christina Presley and her team at Epic Homes will join The New Home Company. The transaction is subject to approval of The New Home Company's board of directors. Nick Rudden of Goodspeed & Merrill acted as legal advisor to Christina D. Presley. Jeff Beck of Snell & Wilmer L.L.P. acted as legal advisor to The New Home Company Inc. The New Home Company Inc. (NYSE:NWHM) completed the acquisition of Epic Homes, LLC from Christina D. Presley in first quarter of 2021.