New Home Co. Acquires Landsea Homes Corporation
June 25, 2025
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.
- Buyers
- New Home Co., Apollo Global Management, Millrose Properties (MRP)
- Targets
- Landsea Homes Corporation
- Sellers
- Landsea Homes' shareholders
- Industry
- Real Estate
- Location
- Texas, United States
- Transaction Type
- Buyout
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