LGI Homes, a new home builder based out of Texas, recently filed for a $125 million IPO in the hopes of becoming a publicly-traded company.
Started in 2003, LGI Homes has been on a growth spurt and has recently entered several new markets, including Atlanta. With the U.S. home builder confidence nearing an eight-year high last month, it is no surprise that the builder continues to expand. LGI Homes’ revenue has tripled from 2010 through 2012 to $143.4 million. Since 2012, LGI Homes has sold 1,062 homes, almost 2.5 times more than they did in 2010. Additionally, since 2003, they have sold more than 5,000 homes.
LGI Homes, new to the Atlanta real estate market, currently has two communities open in the Atlanta area — Avondale Springs in Conyers and Maple Park in Gainsville. Both neighborhoods have around 20 homes either under construction or complete. Additionally they are under contract for two new neighborhoods, one in Barrow County and one in Clayton. These two should be open in November.
Located just 25 miles east of downtown Atlanta, Avondale Springs is an amenity-rich, master-planned community offering first-time home buyers the opportunity to own the American dream. The new home designs being built in the community include three, four and five bedrooms and offer an array of upgraded luxury features, including granite countertops, custom-built cabinets and brushed nickel hardware and fixtures.
The state-of-the-art amenities at Avondale Springs include a sparkling swimming pool with a cabana, a family-friendly picnic and bar-be-que area, tennis court, children’s playground and a relaxing community pond.
This picturesque, family-friendly community is surrounded by endless leisure activities, popular retail destinations and more. Located in Conyers, Avondale Springs is just minutes away from I-20, The Mall at Stonecrest and the Georgia International Horse Park.
Students residing in Avondale Springs will attend Peeks Chapel Elementary, Memorial Middle and Salem High schools.
For more information on the new Atlanta homes available from LGI Homes or to tour the model home at Avondale Springs, contact the sales office at 855-525-9366 or visit www.LGIHomes.com.