B. Riley Securities served as sole bookrunning manager to Landsea Homes Corporation on its recent $71.8 million secondary offering.

Landsea is a residential homebuilder that designs and builds homes and sustainable master-planned communities, including suburban, single-family detached and attached homes, mid-rise properties, and master-planned communities in Arizona, California, Florida, Colorado and Texas. Learn more about Landsea here.

Jimmy Baker, President and Head of Capital Markets at B. Riley Securities, said, “Landsea Homes continues to execute on its growth strategy, with a strong presence in some of the nation’s most attractive housing markets. B. Riley’s ability to attract such high-quality institutional investors in this offering is a testament to Landsea management’s steady performance since we helped bring the company public several years ago. It was our pleasure to partner with them once again, leading their fourth secondary offering.”

John Ho, Landsea’s Chief Executive Officer added, “This important offering helped us continue to expand and enhance our shareholder base. We are grateful to the B. Riley team for their outstanding execution and partnership."

B. Riley’s deal team was led by Jimmy Baker, Michael Cavanagh, and Ryan Aceto and included Jack Russell.