Lido Villas

Lido Villas

Newport Beach’s Landsea Homes has joined the ranks of public Orange County real estate firms following the close of a reverse merger with New York-based LF Capital Acquisition Corp.

LF Capital has been renamed Landsea Homes Corporation and will begin trading on the Nasdaq stock market under ticker symbols “LSEA” and “LSEAW” on Friday.

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The deal was first announced last August, when LF Capital said it would buy Landsea for about $344 million in stock.

Factoring in debt and other considerations, the builder is expected to have an enterprise value in excess of $600 million.