Exhibit 25.2

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)   o

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

(Jurisdiction of incorporation if not a U.S. national bank)	95-3571558 (I.R.S. employer identification no.)
400 South Hope Street Suite 400 Los Angeles, California	90071
(Address of principal executive offices)	(Zip code)

THE RYLAND GROUP, INC.

(Exact name of obligor as specified in its charter)

Maryland	52-0849948
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

RH Builders of Indiana, Inc.

(Exact name of obligor as specified in its charter)

Indiana	35-1969234
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

RH Investment of Indiana, Inc.

(Exact name of obligor as specified in its charter)

Indiana	35-1969241
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

RH of Indiana, L.P.

(Exact name of obligor as specified in its charter)

Indiana	35-1968182
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

RH of Texas Limited Partnership

(Exact name of obligor as specified in its charter)

Maryland	74-2664253
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

Ryland Communities, Inc.

(Exact name of obligor as specified in its charter)

Florida	59-1741950
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

2

Ryland Homes Investment-Texas, Inc.

(Exact name of obligor as specified in its charter)

Maryland	52-1816608
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

Ryland Homes Nevada, LLC

(Exact name of obligor as specified in its charter)

Delaware	81-0600913
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

Ryland Homes of Texas, Inc.

(Exact name of obligor as specified in its charter)

Texas	75-2473699
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

Ryland Homes of Arizona, Inc.

(Exact name of obligor as specified in its charter)

Arizona	86-0785389
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

Ryland Homes of California, Inc.

(Exact name of obligor as specified in its charter)

Delaware	95-2635472
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

3

Ryland Organization Company

(Exact name of obligor as specified in its charter)

California	95-4868586
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

Ryland Ventures III, Inc.

(Exact name of obligor as specified in its charter)

Maryland	52-1733016
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

The Regency Organization, Inc.

(Exact name of obligor as specified in its charter)

Florida	59-2367217
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

The Ryland Corporation

(Exact name of obligor as specified in its charter)

California	95-4868582
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)

3011 Townsgate Road, Suite 200 Westlake Village, California	91361-3027
(Address of principal executive offices)	(Zip code)

Subordinated Debt Securities
and Guarantees of Subordinated Debt Securities
(Title of the indenture securities)

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1.General information.  Furnish the following information as to the trustee:

(a)Name and address of each examining or supervising authority to which it is subject.

Name	Address
Comptroller of the Currency United States Department of the Treasury	Washington, DC 20219
Federal Reserve Bank	San Francisco, CA 94105
Federal Deposit Insurance Corporation	Washington, DC 20429

(b)Whether it is authorized to exercise corporate trust powers.

Yes.

2.Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

16.List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

1.A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

2.A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

3.A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

4.A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).

6.The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

7.A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, and State of California on the 21st day of January, 2015.

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By:	/s/	Alex Briffett
Name:		John A. (Alex) Briffett
Title:		Vice President

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EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 400 South Hope Street, Suite 400, Los Angeles, CA 90071

At the close of business September 30, 2014, published in accordance with Federal regulatory authority instructions.

		Dollar amounts
		in thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin		2,482
Interest-bearing balances		286
Securities:
Held-to-maturity securities		0
Available-for-sale securities		644,967
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold		178,000
Securities purchased under agreements to resell		0
Loans and lease financing receivables:
Loans and leases held for sale		0
Loans and leases, net of unearned income	0
LESS: Allowance for loan and lease losses	0
Loans and leases, net of unearned income and allowance		0
Trading assets		0
Premises and fixed assets (including capitalized leases)		11,971
Other real estate owned		0
Investments in unconsolidated subsidiaries and associated companies		0
Direct and indirect investments in real estate ventures		0
Intangible assets:
Goodwill		856,313
Other intangible assets		110,619
Other assets		126,482
Total assets		$	1,931,120

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LIABILITIES
Deposits:
In domestic offices		904
Noninterest-bearing	904
Interest-bearing	0
Not applicable
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased		0
Securities sold under agreements to repurchase		0
Trading liabilities		0
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)		0
Not applicable
Not applicable
Subordinated notes and debentures		0
Other liabilities		257,116
Total liabilities		258,020
Not applicable
EQUITY CAPITAL
Perpetual preferred stock and related surplus		0
Common stock		1,000
Surplus (exclude all surplus related to preferred stock)		1,122,128
Not available
Retained earnings		549,211
Accumulated other comprehensive income		761
Other equity capital components		0
Not available
Total bank equity capital		1,673,100
Noncontrolling (minority) interests in consolidated subsidiaries		0
Total equity capital		1,673,100
Total liabilities and equity capital		1,931,120

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty ) CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Antonio I. Portuondo, President	)
William D. Lindelof, Director	)	Directors (Trustees)
Alphonse J. Briand, Director	)

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