The $54.6 million cash transaction, which closed Tuesday, marks Landsea Homesâ entry into the Texas housing market.
Vintage Estate Homes currently offers new home communities at Vintage Oaks, west of New Braunfels, Stone Creek Ranch in Boerne, Canyons at Scenic Loop in San Antonio and Belle Oaks in Bulverde.
John Ho, CEO of Landsea Homes, said the company had been exploring opportunities to expand into the Texas housing market since late last year.
An almost 1,900-acre project proposed along I-35 just outside of the New Braunfels city limi…
âAs an innovative homebuilder with a long-established presence in these markets, the Vintage Estate Homes team is renowned for providing superior homes at superior value and exceptional customer service with an approach that is very similar to ours,â Ho said. âThis acquisition provides Landsea Homes with the immediate opportunity to gain size and scale in key markets that are consistently maintaining strong housing fundam