LAKE FOREST, CA—Landsea, an Irvine-based homebuilding company with new home communities across the nation, has announced the acquisition of 550+ lots in Lake Forest, CA. The entitled lots were purchased from Sun Ranch Capital Partners for an undisclosed amount.

"We're really excited about our 95 acre acquisition in Orange County. This is a truly a unique and special opportunity, strategically." said John Ho, Landsea Holdings Corporation, CEO. "This acquisition provides numerous intangible benefits to our organization, benefits which simply can't be derived from a more typically sized acquisition. Landsea's parent company has been a homebuilder dedicated to building with green technology in Asia and Europe long before building green became a prominent trend in the US, and our company is committed to continuing the same principles here. We couldn't be happier about the location. The City of Lake Forest has been doing great things, and our future homeowners are going to be the fortunate recipients of their hard work and progress,"

Landsea plans to build a new gated, highly amenitized community which will be comprised of five distinct neighborhoods, consisting of 313 single-family detached homes and approximately 240 townhomes. The gated community will appeal to a broad market, with homes ranging in size from approximately 1300 square feet to nearly four thousand square feet, many of which will enjoy views of Catalina Island to the west and the Saddleback Mountains to the east.