Landsea Homes is one of the fastest growing homebuilders in the Valley and is about to get a huge capital infusion to grow even further. That’s if a proposed reverse merger with New York-based LF Capital Acquisition Corp. (Nasdaq: LFAC) that would make Landsea Homes a publicly traded company goes through.
“Essentially, the acquisition is a quick way for the company to go public and thereby gaining access to capital markets,” said Thomas Trophy, national director of research and analytics for Colliers International. “For Landsea, aside from ownership structure changes, this will allow them to even further ramp up land acquisitions and construction in their core markets — Phoenix included.”