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LGI Homes, Inc. (LGIH), interview with Eric Lipar the Chairman and CEO

By: Nasdaq CEO Signature Series
Posted: 12/5/2013 7:17:00 PM
Referenced Stocks: LGIH

Watch the CEO signature series interview, with Eric Lipar the Chairman and CEO of LGI Homes, Inc.

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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.