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Since becoming the first homebuilder listed on NASDAQ last month, LGI Homes is speeding up completion of contract agreements in Tucson for year end. The story of LGI Homes Successful IPO was published in the Real Estate Daily News on November 14, 2013. LGI is traded under the ticker symbol of LGIH.
LGI Homes has 93-lots under contract at Sonoran Ranch Estates, in Southwest Tucson. Phase I was for a 50-lot takedown in November for[mepr-show rules="58038"]$1.225 million ($24,500 per finished lot) and the second phase of an additional 43-lots is scheduled to close before year end. Thrac Paulette of Vast Real Estate Solutions in Tucson represented the seller, Son. Land Company of Torrance, CA (John Agresti, manager).
LGI closed on 24-lots at Caddis Haley for $612,000 ($25,500 per finished lot) where they held the grand opening Nov 9th at the 72 new home community in the Southwest submarket. Dan Feig and Aaron Mendenhall of Chapman Lindsey in Tucson handled the transaction for the seller, Caddis Bridge, LLC (Greg Anderson, manager).
In a separate transaction, LGI acquired 160 P&E lots in Blocks 7 & 8 at San Lucas in the Northwest submarket for $3.08 million ($19,250 per platted lot). The community is near Gladden Farms in Marana. Dan Feig and Aaron Mendenhall of Chapman Lindsey in Tucson handled the transaction for the seller, SL West, LLC (Greg Anderson, manager).
Feig and Mendenhall can be reached at (520) 747-4000 and Paulette is at (520) 624-9400 for more information.[/mepr-show]