The stock exchange acquisition is valued at an estimated $27 million. The transaction is scheduled to close no later than Sept. 30.
Both companies are 20 years old with an established Florida mark in the multifamily, resort development and single-family industry.
The estimated revenue stream from North Florida's current inventory of projects is $900 million over the next three to five years, Larry White, Whitemark's president/CEO, says in a prepared statement.
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