LandSea Homes Investor Presentation

17 | OUR CORE MARKETS: CALIFORNIA Most populous state in the U.S., benefiting from stable employment growth and supply- constrained housing markets Third-fastest growing state in the country in terms of numeric population growth¹ From 2012 to 2017, had median household income in the top 15 and rose 16.5% from 2014 to 2018² San Francisco metro area housing market median sale price growth of 11% since 2015³ Los Angeles metro area housing market median sale price growth of 15% since 2015³ Growing opportunity to service outside metro areas as demand increases for lower priced homes SOUTHERN CALIFORNIA Crestley, Chatsworth NORTHERN CALIFORNIA Neuhouse, Ontario Lido Villas, Newport Beach ShadeTree, Ontario The Westerly, Simi Valley Iron Ridge, Lake Forest Source: U.S. Census Bureau, Bureau of Economic Analysis Notes: 1) 2017 - 2018 2) In current dollars 3) LTM avg. as of May 20 vs. LTM avg. as of May 2015. NORTHERN CALIFORNIA Abigail Place, Danville Skylark, Newark NE Stoneyridge, Walnut Creek Relevae, Orinda SOUTHERN CALIFORNIA VOTED THE ORANGE COUNTY REGISTER 26TH ANNUAL PEOPLE'S CHOICE BEST OF ORANGE COUNTY 2019 The Vale, Sunnyvale Catalina, Santa Clara LANDSEAⓇ® HOMES Live in your element®

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