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Limoneira’s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 36 Residential Units with National Home Builder Richmond American Homes
Joint Venture Has Now Closed 464 Residential Unit Sales SANTA PAULA, Calif.--(BUSINESS WIRE)-- Limoneira Company (the “Company” or “Limoneira”) (Nasdaq:
About this update from Limoneira Co
[{"type":"text","content":"\nJoint Venture Has Now Closed 464 Residential Unit Sales\n\n SANTA PAULA, Calif.--(BUSINESS WIRE)--\nLimoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today that its 50%/50% real estate development joint venture with The Lewis Group of Companies (“Lewis”) has closed an additional 36 residential homesites. These homesites were purchased by Richmond American Homes of Maryland, which operates in California and was one of the primary builders in Phase 1 of the Company’s Harvest at Limoneira project, which is currently comprised of 586 residential units.,\n\nHarold Edwards, President and Chief Executive Officer, stated, \"We are very pleased to announce these additional 36 lot closings with our respected guest builder, Richmond American Homes. We have now announced an additional 122 lot closing in fiscal 2021 and expect additional closing announcements in the near future.”\n\nIncluding today’s announcement, Richmond Homes has now purchased a total of 78 single-family homesites within Harvest at Limoneira for the builder’s Beechtree community, which offers three distinctive floor plans with sought-after architectural and design options.\n\nHarvest at Limoneira is a well-balanced, comprehensively designed master planned community near the Pacific Ocean. Boasting scenic views, and close proximity to parks, hiking trails and popular retail destinations, this exceptional community continues to attract strong interest from families throughout Southern California.\n\nAbout M.D.C. Holdings, Inc.\n\nOperating under the name Richmond American Homes, MDC’s homebuilding subsidiaries have built more than 210,000 homes since 1977. Among the nation’s largest homebuilders, MDC’s subsidiary companies have operations in Arizona, California, Colorado, Florida, Idaho, Maryland, Nevada, Oregon, Pennsylvania, Utah, Virginia and Washington. Mortgage lending, plus insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol \"MDC.\" For more information, visit MDCHold...