NEW YORK, Dec. 5, 2013 (GLOBE NEWSWIRE) -- Veteran business journalist Joya Dass joins Eric Lipar, Chairman & CEO, LGI Homes, Inc. [LGIH], to discuss the company's industry, strategy, financials and positioning.
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Eric Lipar, Chairman & CEO:
Eric Lipar has served as the Chief Executive Officer since 2009 and as Chairman of the Board since July 2013 of LGI Homes, Inc., one of the nation's fastest growing homebuilders. Previously, Mr. Lipar served as President from 2003 until 2009. Mr. Lipar has been in the residential land development business since the mid-1990s. As a Co-founder of LGI Homes, he has overseen land acquisition, development and the sales of over 5,500 homes since inception. Through his in-depth work experience, Mr. Lipar has obtained a broad background in all aspects of residential construction, development, financing, sales and marketing. Mr. Lipar is responsible for the overall strategic leadership, working closely with key executives to establish, implement and direct LGI's long-range goals, strategies and policies.
In 2009, LGI Homes received an award and special recognition for being the only builder in the United States to increase closings and revenue over the prior three years. Due to restriction of capital availability in 2010, Mr. Lipar facilitated a $50 million joint venture to purchase home lots in major Texas markets. This new relationship with capital partner Golden Tree InSite Partners of New York enabled LGI Homes to double its business in 18 months. Since 2010, Mr. Lipar has led the successful expansion of LGI Homes into the new markets of Phoenix, Tampa, Orlando and Atlanta.
In 2012, LGI Homes closed 1062 homes, making the company the 32nd largest residential homebuilder in the United States, according to Builder magazine.
About LGI Homes, Inc. [LGIH]:
LGI Homes (Nasdaq:LGIH) is one of the nation's fastest growing homebuilders engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. LGI's business model is based on skillfully building and selling high quality, homes in attractive locations that include well-designed floor plans with features that appeal to renters. LGI focuses on converting renters into homeowners by offering quality homes at affordable prices in affordable locations and by utilizing a well-established sales and marketing approach, a culture of customer service excellence and a highly efficient construction process. Since commencing operations in 2003, LGI has constructed and sold over 5,500 quality homes. LGI Homes is the first homebuilder listed on the NASDAQ stock exchange, and trades under the ticker symbol "LGIH." For more information about LGI Homes' new home communities, visit www.lgihomes.com.
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Source: NASDAQ CEO Signature Series;LGI Homes, Inc.