Land and lending go hand in hand for LGI Development. The firm, which is also engaged in new home construction, acquires land, develops new master-planned housing communities, and offers mortgage lending typically to first-time homebuyers. LGI's portfolio includes more than 12,000 acres of land and 4,500 new homes largely in Texas and portions of the Southeast, including the Carolinas, Tennessee, and West Virginia. LGI seeks to acquire land to be developed for both residential and recreational purposes. The privately held company was founded by CEO Tom Lipar.