{"id":474896,"date":"2021-04-12T16:04:05","date_gmt":"2021-04-12T20:04:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes\/"},"modified":"2021-04-12T16:04:05","modified_gmt":"2021-04-12T20:04:05","slug":"limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes\/","title":{"rendered":"Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nLimoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes\n<\/p>\n<p class=\"bwalignc\"><i>Joint Venture Has Now Closed 428 Residential Unit Sales<\/i><\/p>\n<p>SANTA PAULA, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLimoneira Company (the \u201cCompany\u201d or \u201cLimoneira\u201d) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today that its 50%\/50% real estate development joint venture with The Lewis Group of Companies (\u201cLewis\u201d) has closed an additional 30 residential homesites with K. Hovnanian\u00ae Homes. K. Hovnanian\u00ae Homes is one of the primary builders in Phase 1, currently comprised of 586 residential units, of the Company\u2019s Harvest at Limoneira project.\n<\/p>\n<p>\nHarold Edwards, President and Chief Executive Officer, stated, &#8220;We are very pleased to announce these additional 30 lot closings with our respected guest builder, K. Hovnanian\u00ae Homes. Our joint venture has closed 428 residential units to date, and we previously announced we expect, at least, another 32 unit sales by June 2021.\u201d\n<\/p>\n<p>\nIncluding today\u2019s announcement, K. Hovnanian\u00ae Homes has now purchased sixty single-family lots within Harvest at Limoneira and they intend to build three different floor plans utilizing three distinct architectural elevations.\n<\/p>\n<p>\nHarvest at Limoneira is a well-balanced, comprehensively designed community near the Pacific Ocean. The amazing views, parks and miles of hiking trails in addition to retail shops within walking distance is attracting strong interest from families throughout Southern California.\n<\/p>\n<p><b>About Limoneira Company<\/b><\/p>\n<p>\nLimoneira Company, a 127-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (l\u00e7 mo\u00f1 \u00e2ra) is a dedicated sustainability company with 15,400 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, Chile and Argentina. The Company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.limoneira.com&amp;esheet=52410244&amp;newsitemid=20210412005736&amp;lan=en-US&amp;anchor=www.limoneira.com&amp;index=1&amp;md5=3d4d0393143d1e858df09fd60636fff6\">www.limoneira.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p><i>This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Limoneira\u2019s current expectations about future events and can be identified by terms such as \u201cexpect,\u201d \u201cmay,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cshould be,\u201d \u201cwill be,\u201d \u201cis likely to,\u201d \u201cstrive to,\u201d and similar expressions referring to future periods.<\/i><\/p>\n<p><i>Limoneira believes the expectations reflected in the forward-looking statements are reasonable but cannot guarantee future results, level of activity, performance or achievements. Actual results may differ materially from those expressed or implied in the forward-looking statements. Therefore, Limoneira cautions you against relying on any of these forward-looking statements. Factors that may cause future outcomes to differ materially from those foreseen in forward-looking statements include, but are not limited to: additional impacts from the current COVID-19 pandemic, changes in laws, regulations, rules, quotas, tariffs and import laws; weather conditions that affect production, transportation, storage, import and export of fresh product; increased pressure from crop disease, insects and other pests; disruption of water supplies or changes in water allocations; pricing and supply of raw materials and products; market responses to industry volume pressures; pricing and supply of energy; changes in interest and currency exchange rates; availability of financing for land development activities; political changes and economic crises; international conflict; acts of terrorism; labor disruptions, strikes or work stoppages; loss of important intellectual property rights; inability to pay debt obligations; inability to engage in certain transactions due to restrictive covenants in debt instruments; government restrictions on land use; and market and pricing risks due to concentrated ownership of stock. Other risks and uncertainties include those that are described in Limoneira\u2019s SEC filings that are available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52410244&amp;newsitemid=20210412005736&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sec.gov&amp;index=2&amp;md5=29fddd7a12c1ec88388ddd94e45fd13f\">http:\/\/www.sec.gov<\/a>. Limoneira undertakes no obligation to subsequently update or revise the forward-looking statements made in this press release, except as required by law.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210412005736r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210412005736\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210412005736\/en\/<\/a><\/span><\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/>John Mills<br \/>\n<br \/>Managing Partner<br \/>\n<br \/>ICR 646-277-1254\n<\/p>\n<p><b>Corporate Communications:<br \/>\n<\/b><br \/>Michael Gonzales<br \/>\n<br \/>Marketing Manager<br \/>\n<br \/>Limoneira Company<br \/>\n<br \/>805-525-5541 ext. 1069\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Agriculture Natural Resources Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes Joint Venture Has Now Closed 428 Residential Unit Sales SANTA PAULA, Calif.&#8211;(BUSINESS WIRE)&#8211; Limoneira Company (the \u201cCompany\u201d or \u201cLimoneira\u201d) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today that its 50%\/50% real estate development joint venture with The Lewis Group of Companies (\u201cLewis\u201d) has closed an additional 30 residential homesites with K. Hovnanian\u00ae Homes. K. Hovnanian\u00ae Homes is one of the primary builders in Phase 1, currently comprised of 586 residential units, of the Company\u2019s Harvest at Limoneira project. Harold Edwards, President and Chief &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474896","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes Joint Venture Has Now Closed 428 Residential Unit Sales SANTA PAULA, Calif.&#8211;(BUSINESS WIRE)&#8211; Limoneira Company (the \u201cCompany\u201d or \u201cLimoneira\u201d) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today that its 50%\/50% real estate development joint venture with The Lewis Group of Companies (\u201cLewis\u201d) has closed an additional 30 residential homesites with K. Hovnanian\u00ae Homes. K. Hovnanian\u00ae Homes is one of the primary builders in Phase 1, currently comprised of 586 residential units, of the Company\u2019s Harvest at Limoneira project. Harold Edwards, President and Chief &hellip; Continue reading &quot;Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. Hovnanian\u00ae Homes&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T20:04:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210412005736r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/limoneiras-joint-venture-with-lewis-group-of-companies-announces-additional-lot-closings-of-30-residential-units-with-national-home-builder-k-hovnanian-homes\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. 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Hovnanian\u00ae Homes Joint Venture Has Now Closed 428 Residential Unit Sales SANTA PAULA, Calif.&#8211;(BUSINESS WIRE)&#8211; Limoneira Company (the \u201cCompany\u201d or \u201cLimoneira\u201d) (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, announced today that its 50%\/50% real estate development joint venture with The Lewis Group of Companies (\u201cLewis\u201d) has closed an additional 30 residential homesites with K. Hovnanian\u00ae Homes. K. Hovnanian\u00ae Homes is one of the primary builders in Phase 1, currently comprised of 586 residential units, of the Company\u2019s Harvest at Limoneira project. Harold Edwards, President and Chief &hellip; Continue reading \"Limoneira\u2019s Joint Venture with Lewis Group of Companies Announces Additional Lot Closings of 30 Residential Units with National Home Builder K. 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