Pulte Sells Mexican Ops

Pulte Homes Inc., Bloomfield Hills, Mich., has announced the sale of its Mexican homebuilding operations to a group of investors led by affiliates of Walton Street Capital, a Chicago-based real estate investment company.The terms of the deal were not disclosed. "With the sale of our Mexico homebuilding operation, we have effectively exited our international business, allowing us to focus all our resources toward further expanding Pulte's share of the U.S. housing market," said Roger A. Cregg, Pulte's executive vice president and chief financial officer. Pulte Mexico, which began operations in 1994, was on track to deliver more than 7,000 homes in 2005, the company said. The Walton affiliates were advised by Banc of America Securities and Hipotecaria Su Casita. The companies can be found online at http://www.pulte.com and http://www.waltonst.com.