Architerra Expands into Washington with Acquisition of Markham Homes
JANUARY 2022 – Spokane, WA – Lakeside Companies has announced the acquisition of Markham Homes in late 2021. This acquisition will add to portfolio company Architerra’s reach as a home builder and community developer into Washington and Idaho. The integration of these two entities will expand Architerra’s footprint bringing together resources to support the growth of both companies from home builders to market leaders in the Pacific Northwest.
Architerra is a leading community developer in North Idaho with Foxtail, The Trails, Echelon Village, The Parkllyn and several master-plan communities in the pipeline. Markham has established itself as a trusted, high-quality home builder over the last 19 years with both custom-built homes and communities including Haven Heights and Canterbury Bluff.
“Both companies bring a commitment to quality and stewardship of the region. A national housing shortage combined with population growth has created increased demand for housing solutions in the Spokane region and Kootenai County specifically,” says Lisa Briner, CFO & General Manager Architerra.
Over the next decade, Architerra plans to develop communities that focus on quality of life for local families. Several additional planned communities will break ground in 2022 and planning has begun for the 1,040 Coeur Terre development that sits in the heart of Kootenai County. In addition to for-sale communities, Architerra has also expanded into Single Family Rental’s with Echelon Village offering flexible rental options while still bringing the quality and community feel of other Architerra developments.
“We have already seen tremendous value from this partnership. By combining our complimentary areas of expertise and resources we are already seeing success managing the growth and roll out of our combined projects,” says Brian Markham, Founder Markham Homes.
ABOUT ARCHITERRA (MyArchiterra.com): Architerra is a leading developer of master-plan communities in Coeur d’Alene, ID, Kootenai County, and the greater Spokane region. Neighborhoods by Architerra are the perfect intersection of modern amenities, convenient access, and the outdoor Pacific Northwest lifestyle. Enfolding beautiful homes within thoughtfully planned walking and biking trails, expansive parks and the natural beauty of the Pacific Northwest, an Architerra community is a truly beautiful place to live.
ABOUT MARKHAM HOMES (MarkhamHomesInc.com): Markham Homes was founded in 2003 by Brian Markham in Northeast Washington. With more than 35 years of experience in the construction industry his sense of pride and commitment to quality is apparent in every home he builds. We believe that each home we build makes a lasting impression on our community.
ABOUT LAKESIDE COMPANIES (ThinkLakeside.com): Lakeside Companies is a private equity firm headquartered in Spokane, WA. Lakeside develops a portfolio of companies that are nimble, transformative and industry leading. By focusing on creating sustained value, Lakeside helps its companies and people drive bold ideas, blaze innovative trails, and find new value to actively build market leaders.
For more information, please contact Maria Lusardi (mlusardi@lakeside-capital.com)