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Landsea Homes (Nasdaq: LSEA) expands its homebuilding footprint into 13 cities, including the Dallas/Fort Worth Metropolitan Area, by acquiring Antares Homes for approximately $242.5 million. The transaction adds 2,254 owned or controlled lots to Landsea Homes' portfolio, furthering their goal of becoming one of Texas' top homebuilders.
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The acquisition of Antares Homes by Landsea Homes represents a significant strategic move within the homebuilding industry, particularly within the Texas market. Taking control of over 2,000 lots in the Dallas/Fort Worth area, Landsea Homes is not only increasing its land inventory but also its market share in one of the nation's fastest-growing regions. The Dallas/Fort Worth area is experiencing a population boom, which is driving demand for new housing. This acquisition positions Landsea Homes to capitalize on this growth, potentially increasing its revenue and profitability.

However, it's important to note that the homebuilding industry is cyclical and sensitive to economic factors such as interest rates, employment rates and consumer confidence. While the current market conditions appear favorable, any downturn could impact Landsea Homes' ability to sell homes at anticipated prices or maintain profit margins. Additionally, integrating operations and corporate cultures poses a risk that could affect the expected synergies from the acquisition.

The financial details of the acquisition reveal a cash transaction of $242.5 million, inclusive of debt repayment. This significant capital outlay will impact Landsea Homes' cash reserves and may affect its leverage ratios. Investors should monitor the company's financial statements in subsequent quarters to assess the impact on its balance sheet and cash flow statements.

From an investor's perspective, the long-term benefits of the acquisition could be substantial, provided Landsea Homes manages to efficiently integrate Antares Homes and leverage its existing infrastructure to boost productivity and sales. The immediate financial impact will likely be scrutinized in terms of earnings per share (EPS) and return on investment (ROI). The company's ability to meet or exceed market expectations post-acquisition will be a key determinant of its stock performance.

The Dallas/Fort Worth housing market is one of the most vibrant in the United States, with a consistent ranking among the top housing markets. The region's economic resilience and job market strength are key factors that make it an attractive location for homebuilders. Landsea Homes' acquisition of Antares Homes not only increases its footprint but also enhances its competitive edge by acquiring a local builder known for quality and energy-efficient homes.

Energy efficiency is a growing trend in home construction, with increasing consumer demand and potential regulatory benefits. Landsea Homes' emphasis on this aspect through the acquisition could enhance its brand reputation and appeal to environmentally conscious homebuyers. The strategic importance of local market knowledge cannot be overstated and the retention of Antares Homes' employees could provide valuable insights and continuity for Landsea Homes' operations in the region.

  • Acquisition Expands Homebuilding Footprint into 13 Cities, Including Dallas/Fort Worth Metropolitan Area
  • Transaction Adds 2,254 of Owned or Controlled Lots to Landsea Homes' Portfolio
  • "Continues Company Goal Toward Becoming One of Texas' Top Homebuilders"

DALLAS, April 2, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has completed its previously announced acquisition of Antares Homes, a Dallas-Fort Worth based homebuilder, for approximately $242.5 million (subject to certain customary post-closing adjustments) in cash, which includes repayment of an anticipated $43.2 million of Antares Homes debt.

"We are very pleased to finalize this transaction and significantly expand our presence in Texas," said John Ho, Chief Executive Officer of Landsea Homes. "This acquisition is another step forward in our strategic expansion plans and continues our company goal toward becoming one of Texas' top homebuilders."

Antares Homes is currently building new homes in 19 communities located in 13 locations throughout the Dallas-Fort Worth area, including Fort Worth, Burleson, Crowley, Forney, Granbury, Midlothian and more. Known for specializing in quality, energy-efficient home construction and creating life-long relationships with their homebuyers, Antares Homes has continually strived to become one of the best homebuilders in Dallas-Fort Worth. With the closing of this transaction, most of Antares Homes' employees are anticipated to become part of the Landsea Homes team. 

"Today is an exciting day for Antares Homes, as our team members join the Landsea Homes family," said Tommy McAden, President of Antares Homes. "The management team is looking forward to the opportunity to bring Landsea Homes to our communities and help them continue their Texas expansion."

The Dallas-Fort Worth housing market continually ranks among the Top 100 Housing Markets in the country, according to The region's robust job market and continued expansion demonstrate the attractiveness and resilience of the DFW economy, and continue to attract diverse industries and opportunities

Vestra Advisors LLC served as exclusive financial advisor to Landsea Homes, and Latham and Watkins LLP served as their legal counsel.

For more information about Landsea Homes, visit

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, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was honored as the Green Home Builder 2023 Builder of the Year, after being 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:

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business.  These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance.  Landsea Homes cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time.  Words such as "may," "can," "should," "will," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target," "look," or similar expressions may identify forward-looking statements.  Specifically, forward-looking statements may include statements relating to:

*the completion or benefits of the proposed transaction with Antares Homes (the "Acquisition");
*the future financial performance of Landsea Homes;
*changes in the market for Landsea Homes' products and services; and
*other expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of the press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. 

These risks and uncertainties include, but are not limited to, the risk factors described by Landsea Homes in its filings with the Securities and Exchange Commission ("SEC").  These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:

*the ability to close the Acquisition on the anticipated timeline, or at all;
*the ability to recognize the anticipated benefits of the Acquisition, which may be affected by, among other things, competition, the ability to integrate the acquired business and the ability of the acquired business to grow and manage growth profitably;
*costs related to the Acquisition;
*the ability to maintain the listing of Landsea Homes' securities on Nasdaq;
*the outcome of any legal proceedings that may be instituted against the Company;
*changes in applicable laws or regulations;
*the inability to launch new Landsea Homes products or services or to profitably expand into new markets;
*the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and
*other risks and uncertainties indicated in Landsea Homes' SEC reports or documents filed or to be filed with the SEC by Landsea Homes.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether or not to invest in our securities.  We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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SOURCE Landsea Homes

Landsea Homes' ticker symbol is LSEA.

Landsea Homes expands into 13 cities, including the Dallas/Fort Worth Metropolitan Area.

Landsea Homes paid approximately $242.5 million for the acquisition of Antares Homes.

The goal of Landsea Homes is to become one of Texas' top homebuilders through this acquisition.

Vestra Advisors served as the exclusive financial advisor, and Latham and Watkins LLP served as the legal counsel for Landsea Homes.
Landsea Homes Corporation


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About LSEA

comfort. quality. service. these are the cornerstones upon which landsea builds your new home. our vision reaches beyond borders and beyond homebuilding because we understand that home is more than an address – it’s where you find comfort every day. landsea’s vision for home begins with a sustainable future, a mission pioneered by the company’s rich legacy as one of china’s leading developers and green builders. since 2001, the company has been building homes that strive toward innovation, drawing recognition from across the globe for their accomplishments in energy conservation, eco-friendly construction practices, comfort and healthy living. landsea blends unique international experience and advanced knowledge of technology with local expertise to present a distinctly better home to you and your family. from superior homes, family-oriented environments and quality at every level to enduring communities, our dedication starts and ends with you, ensuring everyday living in your h