Landsea Homes Corp., which relocated its headquarters earlier this year from California to Dallas, announced in October it has acquired the assets and lot inventory of Richfield Homes, making its entry into the Colorado market.
“We are very excited about this transaction, as it provides Landsea with a unique opportunity to establish a presence in one of the best housing markets in the country,” Landsea CEO John Ho said in a statement. “This is another step forward in our ongoing plans to create communities in desirable locations across the United States and provide high-quality homes where residents can enjoy ‘Living in their Element.'”
No financial details of the acquisition were disclosed.
The company said it named veteran Colorado homebuilding executive Lisa Wiebelhaus as president of the new Landsea Homes Colorado division. She joins Landsea Homes after working with Richfield Homes for more than seven years, most recently serving as managing partner.
Prior to joining Richfield Homes, she worked for 12 years as vice president of sales for Colorado-based Richmond American Homes, where she sold and closed upwards of 1,100 homes per year.
“We are very pleased to welcome Lisa to the Landsea Homes senior management family,” Ho said. “With nearly two decades of homebuilding experience in Colorado, she has a wealth of strategic insight, strong management skills and deep local roots that will help us successfully launch this new division.”
Wiebelhaus said that Landsea Homes’ reputation for innovative homebuilding and strong commitment to customer service are well known in the industry.
“I’m excited and honored to join Landsea Homes, and look forward to continuing to grow our position in the Colorado market by providing homebuyers with the perfect opportunities to experience the High Performance Home lifestyle,” Wibelhaus said.
Landsea Homes said its “High Performance Home” features include smart home automation technology utilized by the Apple HomeKit environment and energy saving to make life at home healthier and more comfortable.
Colorado becomes the seventh homebuilding market for Landsea Homes, including Texas, Arizona, Florida, New York Metro, Northern California, and Southern California.
The company said that continued low inventory and pent-up demand are forecast to continue, extending a housing market with strong fundamentals.
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