STOCK TITAN

LGI Homes Opens in Resort-Style Lakeland Community

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

LGI Homes has announced the opening of Riverstone, a new community in Lakeland, Florida, featuring single-family homes priced from the $290s. This master-planned community includes upgraded homes ranging from 1,401 to 1,984 square feet with 3 to 5 bedrooms and 2 to 3 bathrooms. Residents will enjoy amenities such as playgrounds, a resort-style pool, a clubhouse, and walking paths. Homes come with extensive included upgrades like energy-efficient appliances and granite countertops, making them appealing for potential buyers.

Positive
  • Opening of Riverstone, enhancing LGIH's market presence.
  • New homes priced attractively from the $290s, appealing to first-time buyers.
  • Community features extensive amenities, potentially increasing property value.
  • Homes include significant upgrades at no extra cost, enhancing buyer interest.
Negative
  • None.

LGI Homes at Riverstone offers single-family homes priced from the $290s

LAKELAND, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced the opening of Riverstone, its newest community in Lakeland, with a lineup of upgraded, single-family homes. This master-planned community offers world-class amenities in an unbeatable location.

Centrally located between Tampa and Orlando, residents of Riverstone are conveniently positioned near I-4 in Lakeland, providing quick access to the area’s best theme parks, attractions and major employers. Homeowners have access to two impressive amenity centers, each hosting a children’s playground, a glistening, resort-style swimming pool with surrounding palm trees, and open field areas. One of the amenity centers offers a community clubhouse with a meeting room and rentable space, a fitness station with various workout machines available for use, and two fenced-in dog parks filled with play equipment. Also located throughout the neighborhood are walking paths, perfect for strolls to either of the parks.

At Riverstone, LGI Homes is building one-story, single-family homes that range from 1,401 to 1,984 square feet. These new-construction homes have three to five bedrooms, two to three bathrooms and two-car garages. Open-concept entertainment areas, walk-in closets, private master retreats and covered back patios are just a sampling of the conveniences offered in these layouts.

Embodying the LGI Homes CompleteHome™ package, every new home at Riverstone features included upgrades at no extra cost. Homebuyers can look forward to moving into a brand-new home with thousands of dollars’ worth of features built right in. These enhanced features include stainless steel, energy-efficient Whirlpool® appliances, granite countertops, upper-wood cabinets and a USB outlet in the kitchen. Other desirable upgrades include luxury vinyl-plank flooring, programmable thermostats, Wi-Fi-enabled garage door openers and beautifully landscaped front yards.

New homes in this community start in the $290s and quick move-in opportunities are available. For additional information or to schedule a tour, interested homebuyers are encouraged to call (866) 694-1897 ext 994 or visit LGIHomes.com/Riverstone.

About LGI Homes, Inc.

Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania. Since 2018, LGI Homes has been ranked as the 10th largest residential builder in the United States based on units closed. The Company has a notable legacy of more than 18 years of homebuilding operations, over which time it has closed more than 50,000 homes. For more information about the Company and its new home developments, please visit the Company’s website at www.lgihomes.com.

MEDIA CONTACT:

Rachel Eaton

(281) 362-8998 ext. 2560

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4276c4a5-4be9-4a1c-b48b-df3fe9fcdb6d


FAQ

What is LGIH's new community Riverstone about?

Riverstone is a new community by LGI Homes in Lakeland, Florida, offering upgraded single-family homes priced starting from the $290s.

What are the features of homes at Riverstone by LGIH?

Homes at Riverstone range from 1,401 to 1,984 square feet, with 3 to 5 bedrooms and 2 to 3 bathrooms, featuring included upgrades like energy-efficient appliances.

When did LGI Homes announce Riverstone?

LGI Homes announced the opening of Riverstone on August 2, 2021.

What amenities are available in Riverstone community?

The Riverstone community offers playgrounds, a resort-style swimming pool, a clubhouse, and walking paths.

How can potential buyers learn more about Riverstone?

Interested buyers can call (866) 694-1897 ext 994 or visit LGIHomes.com/Riverstone for more information.

LGI Homes, Inc.

NASDAQ:LGIH

LGIH Rankings

LGIH Latest News

LGIH Stock Data

2.48B
20.48M
12.89%
87.74%
9.4%
Residential Construction
Operative Builders
Link
United States of America
THE WOODLANDS