Landsea Homes Increases Texas Portfolio with Acquisition of 84 Homes in Lariat Master-Planned Community

Cupertino, August 6, 2023

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 completed lots in the Lariat planned community in Liberty Hill, Texas.

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

Landsea Homes' new neighborhood of Lariat will consist of 84 single-family homes with five different floor plans, including options for one- and two-story homes and ranging from 1,500 to 2,200 square meters. The price will be announced later. The community has beautiful topography and rolling hills that give it a unique Hill Country feel. Development is ongoing and construction of model homes is expected to begin in July.

Lariat's community amenities include a swimming pool, bouncy castle, event lawn, and community pavilion. In addition, homeowners will enjoy pocket parks, a playground, a 7-mile trail system throughout the community, and a stocked fishing pond. Space has also been reserved for a future primary school on the site.

All Lariat by Landsea Homes homes will be equipped with the company's well-known High Performance Home features, including smart home automation technology powered by the Apple HomeKit™ environment. The smart home automation features include an Apple® HomePod mini™, wireless network internet throughout the house, entry door locks, thermostat control, garage door opener controls, light dimmer switches, doorbell camera pre-wired and high-quality customer service with an individualized training session. Select homes in Lariat will include LiveFlex® space, gourmet kitchens, and small offices.

Avery Center will consist of townhouses with three to four bedroom options ranging from 1,600 to 1,900 square feet. Prices will be announced at a later date. The company is also currently developing 880 single-family homes in Freedom at Anthem in Kyle, Texas. When fully built, Anthem will include approximately 1,500 single-family homes, an elementary school, The Central Park amenities center with a lap pool, playground, pickleball and basketball courts, soccer field, outdoor pavilion, community garden, and more. Prices will be announced at a later date.

In March, Landsea Homes announced it will move its headquarters from Newport Beach, California, to Dallas, Texas. The greater Austin market is one of the fastest-growing new home markets in the country. The Austin metro now ranks 29th among the largest metros in the country according to the most recent US 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 attracting companies looking to relocate, and relatively lower cost of living make the region a magnet for new homebuyers.

For more information about Landsea Homes, please visit Landsea Homes CorporationLandsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds the finest 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 across 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 historic year of transformation. high-rise and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and offer homebuyers the opportunity to "Live in Your Element". Our homes enable people to live where they want to live, how they want to live - in a home created just for them. Driven by a pioneering commitment to sustainability, Landsea Homes High Performance Homes are responsibly designed to take advantage of the latest innovations in home automation technology powered by Apple®. Homes contain features that make life easier and provide energy savings that enable more comfortable living at a lower cost through sustainability features that contribute to a healthier life for both homeowners and the planet. Led by an experienced team of industry professionals with years of global experience and deep local expertise, Landsea Homes is committed to positively improving the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is second to none. For more information on Landsea Homes, visit: original content to download multimedia: Landsea Homes

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