Profile: Lennar Corp (LEN.N)
Lennar Corporation, incorporated on September 6, 1991, is a homebuilder, a provider of real estate-related financial services, a commercial real estate investment, investment management and finance company. The Company operates under the segments Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. The Company has grouped its homebuilding activities into five segments: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets.
The Company’s homebuilding operations include the construction and marketing of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities in which the Company has investments. The Company operates primarily under the Lennar brand name. The Company offers a line of homes for first-time, move-up and active adult homebuyers in a variety of environments ranging from urban infill communities to golf course communities.
Lennar Financial Services Operations
The Company offers mortgage financing and title insurance and closing services. The Company offers FHA-insured and VA-guaranteed residential mortgage loan products and other products to its homebuyers and others through its financial services subsidiary, Universal American Mortgage Company, LLC, which includes Universal American Mortgage Company, LLC, d/b/a Eagle Home Mortgage. It also provides title insurance and closing services to homebuyers and others. Title and closing services are provided by agency subsidiaries in Arizona, California, Colorado, District of Columbia, Florida, Illinois, Maryland, Minnesota, Nevada, New Jersey, New York, Pennsylvania, Texas, Utah, Virginia and Wisconsin.
Rialto Investments Operations
The Rialto segment is a commercial real estate investment, investment management and finance company focused on raising, investing and managing third-party capital, originating and securitizing commercial mortgage loans, as well as investing its own capital in real estate-related mortgage loans, properties and related securities. Rialto utilizes its investment and operating platform to underwrite, diligence, acquire, manage, workout and add value to diverse portfolios of real estate loans, properties and real estate related securities, as well as providing strategic real estate capital. Rialto's primary focus is to manage third-party capital and to originate and sell into securitizations commercial mortgage loans.
Lennar Multifamily Operations
The Company is involved, primarily through unconsolidated entities, in the development of multifamily rental properties. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in the United States. The Company uses third-party management companies to rent the apartments.
700 NW 107th Ave Ste 400
MIAMI FL 33172-3139