D-FW builder sells for $232 million to fast-growing national firm – The Dallas Morning News

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A homebuilder that relocated from California to North Texas last year is buying a Dallas-Fort Worth company in a cash deal valued at $232 million.

Landsea Homes Corp. said Tuesday that it is purchasing Antares Homes in a move to expand its Texas operations after shifting its headquarters from Newport Beach to a new office in Dallas’ Uptown district.

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“We have been searching for the right opportunity to significantly expand our presence in Texas, and today’s announcement achieves exactly that,” Landsea CEO John Ho said in a statement. “Antares Homes shares our philosophy of building quality homes and providing exceptional customer service, making them the perfect addition to the Landsea Homes family.”


Ho said the purchase “provides us with the perfect opportunity to achieve more size and scale in Texas.”

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Besides the cash payment, Landsea also anticipates paying $47.2 million of Antares Homes’ debt. The acquisition is expected to close next month.


Antares Homes is a family-owned business that builds in almost a dozen North Texas communities, including Van Alstyne, Gunter, Forney, Midlothian, Azle, Cleburne, Grandbury and Fort Worth. It builds houses that sell from the low $300,000s to more than $1 million.

“The opportunity to introduce Landsea’s high performance homes concept to our region and become part of one of Texas’ up-and-coming homebuilders makes this the perfect fit for the Antares Homes team,” Antares Homes president Tommy McAden said in a statement.

Landsea Homes, founded in California in 2013, is backed by Chinese real estate development firm Landsea Group. The company builds houses in New York, Boston, New Jersey, Arizona, Florida, Colorado, Texas and throughout California.


Most of Landsea’s Texas operations have so far been concentrated in the Austin area. The Antares purchase will give them construction for the first time in D-FW.

North Texas is one of the country’s top single-family homebuilding markets. In 2023, builders sold a record 52,600 houses. And starts were up 50% in the fourth quarter.

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