Landsea Homes Expands Texas Homebuilding Portfolio By Acquiring Final Remaining Lots In Anthem Master Planned Community

Rhea-AI Summary

Landsea Homes Corporation (Nasdaq: LSEA) announced the acquisition of over 900 final lots in the Anthem master-planned community in Kyle, Texas. This 422-acre community, set to accommodate around 1,500 homes, is strategically located in one of the fastest-growing areas in the U.S. The new homes will feature Landsea's High Performance Home technology, including smart home automation and air purification systems. This acquisition exemplifies Landsea's commitment to expanding in desirable markets with robust local economies, aiming to meet the growing demand for homes in the greater Austin area.

Positive

• Acquisition of over 900 lots in a growing market enhances Landsea's portfolio.
• Anthem Texas is in a high-demand area with significant population growth (53% from 2010-2020).
• Homes will showcase advanced High Performance Home features, including Apple HomeKit technology.

Negative

• None.

NEWPORT BEACH, Calif., Dec. 2, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of more than 900 of the remaining final lots in Anthem Texas, a 1,500-home master-planned community located in Kyle. Landsea Homes will begin the development of these lots upon the closing of this purchase. 

"We are very excited to bring Landsea Homes to Anthem Texas," said Greg Balen, Texas Division President, Landsea Homes. "This is a great opportunity to provide our best-in-class, High Performance homes to the new homebuyers drawn to this wonderful new master planned community in the greater Austin market.  Kyle is one of the fastest growing cities in Texas, in one of the fastest growing counties in the country, and we are very pleased to add this expansion to our portfolio." 

Anthem Texas is a 422-acre master planned community located along FM 150 and I 35 at the gateway to the Texas Hill Country.  The community is surrounded by an interconnected system of green belts and parks located along the Mustang Branch, which flows into Onion Creek and is home to Live Oak and Ashe Juniper trees.  At full buildout, Anthem will include approximately 1,500 single-family homes, an elementary school, amenity center and limited commercial space. The neighborhoods connect with an extensive system of bike lines and sidewalks, and more than 30% of the property is bordered by permanently protected open space. 

"The planning and development of more than 900 of the remaining final lots in Anthem – 60% of the community – provides Landsea Homes with a prime opportunity to demonstrate our ability to create award-winning communities, as we have across the country," said Balen. "Our strategic focus continues to be providing homes in highly-desirable markets, and Kyle fits that perfectly.  With a robust local economy and continued job growth, this area is attracting new residents and providing the option to expand and accommodate their growing families."

All homes at Anthem will be the first in Texas to be equipped with Landsea Homes' High Performance Home features, including smart home automation technology utilized by the Apple HomeKit™ environment. The smart home automation features include an Apple® HomePod mini™, wireless network Internet throughout the home, entry door locks, thermostat control, garage door opener control, light dimmer switches, doorbell camera pre-wire, and high-touch customer service with an individualized training session.  The 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 such as dust, dander, pollen and mold spores, killing up to 99% of bacteria, mold and viruses.

Anthem is located in Hays County, one of the fastest growing counties in the country, according to U.S. Census data.  From 2010-2020, the county took the top spot nationally for U.S. counties with a population of 100,000 or more, with 53% growth. That data reflects a growing trend throughout the Austin-San Antonio corridor, with neighboring Comal County growing nearly 49% over the same time period.  Austin and San Antonio are two of 14 cities nationally that grew by more than 100,000 residents over the decade, according to the U.S. Census Bureau.

Kyle has attracted new residents by providing an affordable and convenient housing alternative to living in Austin, with lots of parks and open space and a good school system. Higher education opportunities are close by with the University of Texas at Austin and Texas State University, as well as Austin Community College -Hays Campus.  Labeled the "Pie Capital of Texas", Kyle has been home to the popular Texas Pie Company since 1986.  Every Labor Day weekend locals and visitors attend the "Pie in the Sky Hot Air Balloon Festival" and enjoy pie-eating contests, pie-baking competitions and live music. 

The greater Austin market is one of the fastest growing new home markets in the country. Austin metro now ranks 29^th among the nation's largest metros, just behind Las Vegas, Pittsburgh and Sacramento, according to U.S. Census data.  Major companies like Tesla are moving their corporate and regional headquarters to Central Texas, joining Apple, Charles Schwab, Dell, eBay, General Motors, Home Depot, IBM, Kendra Scott, Oracle, VISA, Whole Foods and Yeti.  Strong employment opportunities combined with the region's lower taxes, fewer business regulations that are attracting companies looking to relocate and a relative lower cost of living makes the region a magnet for new homebuyers. 

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

About Landsea Homes Corporation

Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Newport Beach, CA., 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 homebuilder 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 provide 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-expands-texas-homebuilding-portfolio-by-acquiring-final-remaining-lots-in-anthem-master-planned-community-301436512.html

SOURCE Landsea Homes

FAQ

What is the significance of Landsea Homes acquiring lots in Anthem Texas?

The acquisition strengthens Landsea's position in a rapidly growing housing market and allows for the development of 900 new homes equipped with advanced technology.

When will Landsea Homes begin development on the new lots in Anthem Texas?

Development will commence upon the closing of the acquisition of the lots.

How many homes will be built in the Anthem master-planned community?

The Anthem community is designed for approximately 1,500 single-family homes.

What features will the new homes in Anthem Texas include?

The homes will include smart home automation technology, such as Apple HomeKit integration and a REME HALO air purification system.

What demographic trends support Landsea Homes' investment in Anthem Texas?

Kyle, Texas, is one of the fastest-growing cities nationally, attracting residents due to its affordable housing and strong local economy.