LGI Homes Opens Two New Communities in the Atlanta Market

Rhea-AI Summary

LGI Homes (NASDAQ: LGIH) has announced the opening of two new communities in northeast Atlanta: Lake Preserve at Jackson Trail in Jefferson and Oakwood Terrace in Oakwood, with homes starting in the low-$300s.

Lake Preserve at Jackson Trail offers amenities including a private lake, playground, and pavilion, providing easy access to local parks, dining, shopping, and Athens. Oakwood Terrace features move-in ready townhomes near I-985 and Lake Lanier, offering convenient access to Atlanta.

Both communities include LGI's CompleteHome™ package featuring Whirlpool® kitchen appliances, granite countertops, upgraded wood cabinetry with crown molding, and plank flooring at no additional cost.

Positive

• Geographic expansion with two new communities in the growing Atlanta market
• Strategic locations offering amenities and easy access to urban centers
• Competitive pricing starting in the low-$300s
• Value-added CompleteHome™ package included at no extra cost

Negative

• None.

Insights

Real Estate Market Analyst

The launch of two new communities in Atlanta's northeastern corridor represents a calculated expansion of LGIH's footprint in one of the Southeast's most dynamic real estate markets. The strategic positioning of these developments - Lake Preserve at Jackson Trail and Oakwood Terrace - reveals a sophisticated dual-market approach:

The pricing strategy starting in the low-$300s is particularly noteworthy in the current market context. This price point strategically targets the sweet spot between affordability and profitability, especially important given the ongoing affordability challenges in the housing market. The inclusion of the CompleteHome™ package as a standard feature, rather than an upgrade, suggests a margin-optimization strategy that could help maintain profitability while offering competitive value.

The geographical positioning deserves special attention:

• Jefferson's Lake Preserve location leverages the growing trend of suburban migration, offering larger single-family homes with amenities that appeal to family buyers seeking space and community features
• Oakwood Terrace's townhome format near I-985 targets a different demographic, capitalizing on the demand for more affordable, low-maintenance housing options with easy commuter access

From an operational perspective, the simultaneous launch of two communities in the same region indicates potential economies of scale in construction and marketing resources. This efficiency could help maintain healthy margins despite the competitive pricing strategy.

The timing and location of these launches suggest LGIH is executing a carefully planned market penetration strategy in the Atlanta metropolitan area, potentially setting the stage for further expansion in the Southeast. The focus on move-in ready homes also indicates an inventory strategy aimed at capturing immediate demand while managing construction costs and timing risks.

ATLANTA, Feb. 21, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced the recent opening of two exceptional new communities in the northeast Atlanta area: Lake Preserve at Jackson Trail in Jefferson and Oakwood Terrace in Oakwood. These beautiful neighborhoods offer newly constructed homes starting in the low-$300s in prime locations that combine comfort and convenience.

Lake Preserve at Jackson Trail – Jefferson, GA

Nestled in the serene town of Jefferson, Lake Preserve at Jackson Trail provides homebuyers with a peaceful atmosphere while offering easy access to local parks, dining, shopping and the town of Athens. This tranquil community is perfect for those seeking a peaceful lifestyle. Amenities such as a private lake, playground and a pavilion enhance the quality of life for residents, making it an ideal location for families and outdoor enthusiasts.

"At LGI Homes, we're proud to serve the vibrant community of Jefferson, GA. Our mission is to guide our clients through every step of the process, making their dream of homeownership a reality, while strengthening the connections that make this city such a great place to live and grow," stated Mark Murti, Vice President of Sales for Georgia and Alabama.

Oakwood Terrace – Oakwood, GA

Located in the thriving city of Oakwood, Oakwood Terrace features brand-new, move-in ready townhomes that combine modern design with an open-concept layout, all with an easy commute to Atlanta. These stylish townhomes are designed for homeowners looking for the perfect blend of convenience and community. Located near I-985 and close to Lake Lanier, Oakwood Terrace offers quick access to local shopping, dining and recreational opportunities, making it an ideal choice for families.

"In Oakwood, GA, we strive to match families and individuals with homes that fit their needs and aspirations. Our commitment is to ensure a seamless experience while contributing to the growth and vibrancy of this exceptional community," stated Murti.

At both communities, LGI Homes ensures that each home is constructed with high-quality materials and includes the CompleteHome™ package at no extra cost. This comprehensive package includes energy-efficient Whirlpool® kitchen appliances, granite countertops, upgraded wood cabinetry with crown molding, stylish plank flooring and much more.

Move-in ready homes are now available at both communities. For more information or to schedule a tour, interested buyers are encouraged to contact the information centers at (866) 963-9334 ext. 166 for Lake Preserve at Jackson Trail and (855) 614-0378 ext. 166 for Oakwood Terrace.

About LGI Homes

Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, 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/e1d0c21e-dc68-4d9f-bb44-08e70284d270

FAQ

What is the starting price for LGI Homes' new Atlanta communities in 2025?

The new LGI Homes communities in the Atlanta area start in the low-$300s.

What amenities does LGIH's Lake Preserve at Jackson Trail community offer?

Lake Preserve at Jackson Trail offers a private lake, playground, and pavilion, along with easy access to local parks, dining, shopping, and the town of Athens.

Where is LGIH's Oakwood Terrace community located and what type of homes does it offer?

Oakwood Terrace is located in Oakwood, GA, near I-985 and Lake Lanier, offering move-in ready townhomes with modern design and open-concept layouts.

What features are included in LGIH's CompleteHome™ package?

The CompleteHome™ package includes Whirlpool® kitchen appliances, granite countertops, upgraded wood cabinetry with crown molding, and stylish plank flooring at no extra cost.

How can potential buyers schedule a tour of LGIH's new Atlanta communities?

Interested buyers can contact the information centers at (866) 963-9334 ext. 166 for Lake Preserve at Jackson Trail and (855) 614-0378 ext. 166 for Oakwood Terrace.