Millrose Properties Commits $700M to Acquire Landsea Homesites with New Home Company

New Home Co. Acquires Landsea Homes Corporation

June 25, 2025

Real Estate

New Home Co. completed its acquisition of Landsea Homes Corporation, creating a privately-held, top-25 national homebuilder led by New Home CEO Matthew Zaist. Landsea common stock was delisted from NASDAQ and shareholders received $11.30 per share in cash; the transaction was funded with equity from funds managed by affiliates of Apollo, $522 million of homesites under option from Millrose Properties, and a senior notes offering by New Home.

LF Capital Acquisition Corp. Completes Business Combination with Landsea Homes

January 7, 2021

Real Estate

LF Capital Acquisition Corp. and Landsea Homes closed their previously announced business combination, resulting in LF Capital being renamed Landsea Homes Corporation and beginning trading on Nasdaq under the ticker LSEA on January 8, 2021. The transaction provides Landsea Homes with public-market capital to support its growth across U.S. markets and was approved by LF Capital’s board and stockholders.

Landsea Homes Acquires Antares Homes

January 9, 2024

Real Estate

Landsea Homes Corporation (Nasdaq: LSEA) has entered into a definitive agreement to acquire Antares Homes, a family-owned Dallas–Fort Worth homebuilder, for $232.2 million in cash (including repayment of anticipated debt). The acquisition expands Landsea's presence and scale in the Dallas/Fort Worth market and is expected to close in early February 2024, subject to customary closing conditions.

Milrose Consultants and Southfield Capital Acquire Masterplan

August 18, 2022

Professional Services

Milrose Consultants, a PE-backed national municipal compliance and real estate consulting platform backed by Southfield Capital, announced a strategic partnership to acquire Masterplan, a Dallas-based land-use, permitting, and technical advisory firm. The deal expands Milrose's presence and technical capabilities in Texas, marking the firm's seventh add-on since Southfield invested in Milrose in 2019.

Milrose Consultants / Southfield Capital Partner with Integrated Group

December 17, 2020

Engineering Services

Southfield Capital and Milrose Consultants announced a strategic partnership to bring Integrated Group into the Milrose platform. The deal adds Integrated Group's special inspections, environmental evaluation and construction consulting capabilities to Milrose's national building code compliance and permitting services as an add-on to the platform.

Milrose Consultants Acquires Surface Design Group

November 20, 2025

Engineering Services

Milrose Consultants, a portfolio company of Southfield Capital, has acquired Surface Design Group. Monroe Capital provided a senior credit facility to support the acquisition; the deal expands Milrose's architecture and engineering consulting capabilities—particularly façade and building envelope services—through the addition of Surface Design, which is headquartered in New York, NY.