LandSea Homes Investor Presentation
18
CASE STUDY: THE VALE, SUNNYVALE, CA
Project Overview
Acquired 25 acres of entitled land (former AMD
semiconductor plant)
Master-planned community of 450 townhomes
between three distinct communities
Landsea was the master developer for all
three communities
Built out two communities for total of 314 attached
row-style townhomes
Sold one community consisting of 136 attached
townhomes to TMHC
Extremely successful sales, averaging 10 new
homes sales per month
314
Homes Delivered
23%
Home Sales GM %
Source: Landsea Homes Management Note: 1) Adjusted home sales GM % excludes interest.
APPELE
BEH
$423m
Home Sales Revenue
30%
Adj. Home Sales GM %1
Marian cy
136
Lots Delivered
$67m
Pretax Profit
$63m
Lot Sales Revenue
14%
Pretax Margin %
LANDSEAⓇ
HOMES
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