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LGI Development, the parent company to LGI Homes, was founded by Tom Lipar in 1995 in Magnolia, TX. LGI Homes’ business model is to purchase, plan and develop the land on which they build their developments and homes, a streamlining that allows them to build their homes to a higher level of quality for competitive prices. The company has become one of the fastest growing homebuilders in the Southwest and has a portfolio that includes more than 12,000 acres and 4,500 new homes.