WCI Communities S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

WCI Communities, Inc.

Statement Of The Computations Of The Ratio Of Earnings To Fixed Charges

Six Months Ended June 30, 2014 and the Three Years Ended December 31, 2013

($ in thousands)

(Unaudited)

	Six Months Ended June 30, 2014			Years Ended December 31,
				2013			2012			2011
Earnings
Income (loss) from continuing operations before income taxes	$	10,592		$	20,776		$	(4,305	)	$	(54,453	)
Fixed charges		8,039			15,143			17,016			19,246
Amortization of capitalized interest		2,267			4,257			2,304			988
Capitalized interest		(6,890	)		(11,741	)		(9,249	)		(1,261	)
Distributions in excess of (less than) earnings for equity method investees		—			123			(9	)		43
Total earnings (loss), as adjusted	$	14,008		$	28,558		$	5,757		$	(35,437	)
Fixed Charges
Interest incurred, both expensed and capitalized	$	7,575		$	14,278		$	16,227		$	18,215
Interest portion of rental expense		464			865			789			1,031
Total fixed charges	$	8,039		$	15,143		$	17,016		$	19,246
Ratio of Earnings to Fixed Charges		1.7			1.9			(A)			(A)

(A) Total earnings (loss), as adjusted, was inadequate to cover fixed charges for the years ended December 31, 2012 and 2011. Additional earnings of approximately $11.3 million and $54.7 million, respectively, would have been necessary to eliminate the respective deficits and bring the ratio of earnings to fixed charges to 1.0.