Landsea homes closes acquisition of dfw-based antares homes

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.
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