Misawa Homes Co., Ltd. (TSE:1722) signed a letter of intent to acquire 51% stake in Impression Homes, LLC from Bruce Heikkinen and others 4 people on December 20, 2018. Misawa Homes Co. signed an agreement to acquire 51% stake in Impression Homes, LLC on December 21, 2018. Under the terms of the transaction, Misawa Homes will acquire 1000 shares of Impression Homes. Impression Homes recorded sales of $115 million in 2017. The Net Assets of Impression Homes amounted to $18 million and Total Assets to $70 million, respectively, for the year ended December 31, 2017. The transaction has been resolved by the Board of Directors of Misawa Homes Co. The transaction is expected to close on January 25, 2019. Alston & Bird LLP acted as legal advisor to Misawa Homes America, Inc. Misawa Homes Co., Ltd. (TSE:1722) completed the acquisition of 51% stake in Impression Homes, LLC from Bruce Heikkinen and others 4 people on January 25, 2019.