In 2021, Gehan was the 29th-largest homebuilder in the nation. 3,166 closings brought the revenue to $1.2 billion in revenue according the Builder 100 list.
Gehan Homes was founded in 1994 in Texas by the Gehan brothers Tim, Glen and Peter together with their parents. The family has been in the homebuilding business for five generations.
From Gehan Homes to Brightland Homes – Why the name change?
The Gehan’s sold 51 % interest to the Japanese wood products and homebuilding company Sumitomo Forestry America in 2014. Then in 2016, the Gehan family sold its remaining ownership to Sumitomo. According to Forbes Magazine, Sumitomo has over 20,000 employees with a revenue of $12.5 billion dollars.
The name change from Gehan Homes to Brightland Homes affected 110 communities in Texas, Arizona, Colorado and Tennessee. Only Southern Impression Homes a Florida-based rental builder and developer which Gehan acquired 80 % interest in will retain its name.
“We have experienced significant growth and implemented changes said Gehan’s CEO John Winniford in a statement”
The company will continue to use the Gehan Homes name to market some residential construction services and real estate development projects.
“Consolidating our brands into a single entity was the logical step for our company” said John Winniford as well.
Companies under the Gehan Home name were also Gray Point Homes and Wonderland Homes. Gray Point Homes also builds around Austin Texas.
Two of their communities are the Homestead Townhomes and Sun Chase near Del Valle.
Wonderland Homes roots track back to Boulder Colorado where the company was founded in 1966. They homes are being built all over Texas from Houston to San Antonio, Phoenix, Denver and Nashville.
Gehan Homes expanded its business through acquisitions and expanded into new markets. The home builder created new and diversified products offerings and delivered over 17,000 homes.
The Gehan brothers have moved onto other ventures since selling their stake to Sumitomo. Tim Gehan founded another Dallas-based builder called Union Main Homes in 2017. Glen got into high-end homebuilding with GFO Homes.
GFO Homes began building in Austin, Texas and expanded into Dallas Forth Worth and Houston. Peter Gehan is president of Four Twelve Holdings a real estate investment firm located in Dallas, Texas. Peter and his wife Kara Gehan are very involved with The Catholic Diocese of Dallas. Both are committed to providing help and assistance for great causes.
