Limoneira JV closes sale of 554 homesites to Lennar, completing Phase 2 of Harvest community

Limoneira CO

Phase 2 (Foothill Neighborhood) sold to Lennar: 554 homesites with home sizes 1,500–3,500 sq ft and Pacific Ocean views.
Total residential homesite sales at Harvest now 1,261; Lennar has purchased 867 total (313 Phase 1 + 554 Phase 2).
CEO says profitability update and actual cash to Limoneira in fiscal 2024 will be provided with June earnings announcement.
Joint venture with The Lewis Group of Companies; Lennar is sole builder for Phase 2 after being guest builder in Phase 1.

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