Landsea Homes To Expand Into Florida And Texas With Agreement To Acquire Vintage Estate Homes
NEWPORT BEACH, Calif., April 27, 2021 /PRNewswire/ — Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today it has entered into a definitive agreement to acquire Vintage Estate Homes, a Florida-based homebuilder with communities in Florida and Texas. This transaction, once completed, would mark Landsea Homes’ entry into the Florida and Texas housing markets.
Founded in 2012, Vintage Estate Homes has always had the goal of constructing superior homes at best-in-class value, with premium building materials and an exquisite attention to detail. Over the past several decades, Vintage Estate Homes, through its commitment to those goals, has earned a reputation for outstanding design and for building lasting relationships with their customers. Vintage Estate Homes currently has new home communities across several high-growth real estate markets in Florida, including Orlando, Palm Bay and Melbourne, as well as Texas, including Austin and San Antonio. Upon the closing of this transaction, Vintage Estate Homes employees are expected to transition and become part of the Landsea Homes team. Builder Advisor Group represented Vintage Estate Homes as its broker in this transaction.