LANDSEA HOMES CLOSES ON 191 HOMESITES FOR A NEW COMMUNITY IN ONTARIO, CALIFORNIA

Rhea-AI Summary

Landsea Homes acquires 191 homesites for new community Dusa in Ontario, CA

Positive

• Landsea Homes reinforces bullishness and commitment to Ontario market
• Dusa will feature High Performance homes with smart home automation technology

Negative

• None.

• Dusa will feature High Performance single-family homes and townhomes
• Landsea Homes bolsters presence in Inland Empire with new community

ONTARIO, Calif., Aug. 21, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential home builder, announced today the acquisition of 191 homesites for a new community called Dusa in Ontario, CA.

"Landsea Homes has had several successful communities in Ontario including ShadeTree and Neuhouse, and we are thrilled to announce yet another planned community in the region offering high quality and attainably priced homes," said Tom Baine, Southern California Division President, Landsea Homes. "We recently closed on 144 townhomes for Eave II, an extension of our existing Eave neighborhood in Neuhouse, and we also sold all 432 homes at ShadeTree. This new land closing reinforces our bullishness and commitment to the Ontario market, and we are hopeful of continued success throughout the region."

Dusa will feature 95 single-family homes ranging from 2,027 to 2,317 square feet and 96 townhomes ranging from 1,317 to 1,611 square feet. Residents will enjoy a large community pool, park with picnic area, tot lot, and an open space activity lawn.

Every home at Dusa will contain Landsea Homes' renowned High Performance Home features including smart home automation technology utilized by the Apple HomeKit™ to make life at home healthier and more comfortable. The smart home automation features include an Apple® HomePod mini™, wireless access point, Wi-Fi enabled entry door locks, thermostat control, garage door opener control, light dimmer switches, a doorbell camera pre-wire, and white glove service with an individualized in-person training session through Best Buy's Geek Squad.

Homes will also contain the REME HALO® air purifier, a state-of-the-art product that mitigates indoor contaminants to keep residents safe and support healthy living by reducing airborne particles and air pollutants, killing up to 99% of bacteria, allergens, and odor.

The picturesque Dusa community is conveniently located near the 15, 60, 10 and 71 freeways offering commuters easy access to the major employment centers of Los Angeles, Riverside, San Bernardino and Orange counties. Galleries and museums, shopping and entertainment as well as trendy breweries, restaurants and coffee shops surround the neighborhood allowing residents to enjoy the best Ontario has to offer.

Homes at Neuhouse are currently selling in Ontario. Construction has begun on Eave II and the community is slated to grand open next year.

For more about Landsea Homes, visit: www.landseahomes.com.

About Landsea Homes Corporation
Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential home builder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas and throughout California in Silicon Valley, Los Angeles and Orange County.

An award-winning home builder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provides homebuyers the opportunity to "Live in Your Element." Our homes allow people to live where they want to live, how they want to live – in a home created especially for them.

Driven by a pioneering commitment to sustainability, Landsea Homes' High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet.

Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is unmatched.

For more information on Landsea Homes, visit: www.landseahomes.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/landsea-homes-closes-on-191-homesites-for-a-new-community-in-ontario-california-301904935.html

SOURCE Landsea Homes