Hancock Plan

Castlerock Communities is a single-family homebuilder operating in Texas, Arizona, and Tennessee. Founded in 2004 by Greg Yakim, Robert L. Wright, and Kirk T. Breitenwischer, the company builds detached homes in master-planned communities across the Houston, San Antonio, Austin, and Dallas markets in Texas. In August 2021, Daiwa House Industry, a Japanese global homebuilding enterprise, acquired an 80% equity interest in Castlerock for approximately $402 million, with the founding partners retaining 20% ownership and continuing to lead operations. The acquisition positioned Texas as a piece of Daiwa House's "smile zone" strategy connecting the eastern, southern, and western United States. Castlerock expanded beyond Texas in 2023 with entry into the Phoenix and Prescott areas of Arizona, followed by Tennessee in January 2024 through the acquisition of The Jones Company of Tennessee. The company delivered 1,628 homes in 2020 and generated $484.9 million in revenue that year. Castlerock focuses on first-time buyers through move-up purchasers with its Cobalt, Silver, and Gold home collections. In December 2025, Daiwa House restructured Castlerock under a new holding company, CRC Holdings, to facilitate financing, with Daiwa House now holding an 89.11% indirect ownership stake.