LANDSEA HOMES EXPANDS TEXAS PORTFOLIO BY ACQUIRING 84 HOMESITES IN LARIAT MASTER-PLANNED COMMUNITY

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Landsea Homes Corporation (Nasdaq: LSEA) has announced the purchase of 84 finished lots in the Lariat master-planned community in Liberty Hill, Texas. The company aims to expand its presence and portfolio in the greater Austin metro area, demonstrating its commitment to the region.

New community in Liberty Hill will consist of 84 single-family homes

AUSTIN, Texas, Aug. 3, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of 84 finished lots in the Lariat master-planned community in Liberty Hill, Texas. 

"It's an exciting time for the company and Texas division as we expand both our presence and our portfolio with the acquisition of these new homesites in the greater Austin metro area," said Vince Ruffino, Texas Division President, Landsea Homes. "We look forward to providing our exceptional, high-quality, High-Performance homes at Lariat in the very near future. Today's announcement further demonstrates our commitment to this region as we remain bullish about the Texas housing market. Our strategic focus continues to be about bringing our best-in-class homes to the state's most desirable cities."

Landsea Homes' new neighborhood in Lariat will consist of 84 single-family homes with five different floor plans including options for single and two-story homes and ranging from 1,500 to 2,200 square feet. Pricing will be announced at a later date. The community boasts beautiful topography and rolling hills that give it a unique Hill Country feel. The development is under way and model home construction is expected to begin in July.

Community amenities at Lariat will include a pool, splash pad, event lawn and community pavilion. Additionally, homeowners will enjoy pocket parks, a playground, 7-mile trail system throughout the community and a stocked fishing pond. Space is also reserved for a future on-site elementary school.

All homes at Lariat by Landsea Homes will be equipped with the company's renowned 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. Select homes in Lariat will feature LiveFlex® space, gourmet kitchens and pocket offices among other high-quality features.

Landsea Homes recently closed on 38 homesites in the Avery Centre master-planned community in Round Rock, Texas. Avery Centre will consist of attached townhomes with options for three to four bedrooms ranging from 1,600 to 1,900 square feet. Pricing will be announced at a later date.

The company is also currently developing 880 single-family homes at Freedom at Anthem in Kyle, Texas. At full buildout, Anthem will include approximately 1,500 single-family homes, an elementary school, The Central Park amenity center with a lap pool, playground area, pickleball and basketball courts, soccer field, open-air pavilion, community garden and more. 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. Pricing will be announced at a later date.

In March, Landsea Homes announced it will be moving its corporate headquarters from Newport Beach, California to Dallas, Texas.

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 according to the most recent U.S. Census data released in 2021. 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 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. Landsea Homes was named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation. 

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 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.

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SOURCE Landsea Homes

FAQ

What did Landsea Homes Corporation announce recently?

Landsea Homes Corporation announced the purchase of 84 finished lots in the Lariat master-planned community in Liberty Hill, Texas.

Where is the new community located?

The new community is located in Liberty Hill, Texas.

How many homes will be built in the new community?

The new community will consist of 84 single-family homes.

What is the ticker symbol of Landsea Homes Corporation?

The ticker symbol of Landsea Homes Corporation is LSEA.

Who is the Texas Division President of Landsea Homes?

Vince Ruffino is the Texas Division President of Landsea Homes.

What type of homes will Landsea Homes provide at Lariat?

Landsea Homes will provide exceptional, high-quality, High-Performance homes at Lariat.

What region is Landsea Homes committed to?

Landsea Homes is committed to the greater Austin metro area in Texas.