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real estate developer
Nicolas Marsch III hired Minkow to back his claims that Lennar cheated Marsch out of millions of dollars on a private golf community. After a trial, a Superior Court judge decided in July 2010 that Marsch actually owed Lennar $ 17 million for the development. A subsequent civil
582:
In 1997, Stuart Miller, the son of co-founder
Leonard Miller, became CEO of the company. Leonard Miller died in 2002. Stuart Miller served as Lennar's CEO until 2018 when he pivoted to an executive chairman position. As Lennar CEO, Stuart Miller is credited for navigating the company through the
721:
Founded in 1989, the Lennar
Foundation receives $ 1,000 per home sold by the company to fund Focused Acts of Caring and various grants, with a focus on supporting at-risk children, medical research, and other philanthropic efforts. The foundation also partners with the
679:
engaged in an extortion scheme, spreading false information about the company that resulted in its stock price falling 26% in one day. Minkow was sentenced to 5 years in prison and was ordered to pay $ 584 million in restitution.
425:. As of 2023, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single family residential rental properties, luxury development,
2091:
2086:
708:. The same year, Lennar developed a venture capital arm, Lennar Ventures, dubbed LenX. In 2021, LenX announced strategic partnerships with companies ICON and Veev. With Veev's collapse in 2023, LenX acquired the company.
742:
neighboring other large companies. The company moved into the new 200,000 square feet facility in 2019 as part of a lease and later purchased the property in 2023. Other corporate office locations include
620:, Barry Andrews Homes in Baltimore, Maryland, as well as Don Galloway Homes, The Genesee Company, Cambridge Homes, and Sunstar Communities. It also acquired Concord Homes and Summit Homes, both based in
590:
In 1997, the company acquired West
Venture Homes. In 2002, the company merged with Pacific Greystone, and acquired Theyst Venture Homes, which held 2700 homes in the North Natomas Community and 800 in
2081:
464:
Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard Miller, who later became the namesake of the
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suit filed by Lennar against Marsch resulted in a $ 1 billion judgement in
December 2013 for Lennar, $ 802 million in damages and $ 200 million in punitive damages.
2071:
436:
With total annual revenue of over $ 34 billion in 2023, Lennar operates in 26 states and 75 markets across the nation. In 2023, the company was ranked 119th on the
641:
for $ 990 million. The company also acquired the assets of Queens
Properties for $ 33.8 million, in addition to Connel-Barron Homes and Classic American Homes.
594:. In 1998, the company acquired North American Title Company, Winncrest Homes, Polygon, and ColRich Communities. The company also acquired 3 closely held home
1802:
479:
In 1969, Lennar reached an equity base of $ 1 million, and by 1971, Miller and Rosen changed the name to Lennar
Corporation. That year the firm became a
697:
moved into a new headquarters down the street from its old one, and Lennar moved into Burger King's former headquarters in the
Waterford District near
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899:"Housing market affordability is so strained that this Fortune 500 homebuilder is offering a fixed 4.25% mortgage rate in some communities"
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498:, for approximately $ 2 million, as well as the Womack Development Company. Shortly thereafter, the company established operations in the
606:
In 2000, the company acquired U.S. Home
Corporation for $ 476 million in cash and stock, which resulted in the company doubling in size.
563:
In 1996, the company acquired
Winncrest Homes. The company also acquired 2,200 acres (8.9 km) acres in and took over management of
1217:
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1971 Leonard and Arnold combine their names to rename the company Lennar. That same year, Lennar Corporation becomes a public company.
797:
251:
1803:"American Hustle: The CEO, the Ex-Partner, the Pastor, and the $ 1 Billion Shakedown: A scheme to smear homebuilder Lennar backfires"
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operating in California for $ 370 million. The following year the company acquired Eagle Home Mortgage and Souththeyst Land Title.
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In 2007, Lennar founded Rialto Capital Management, which was originated to acquire distressed real estate and mortgage debt.
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In 2006, Lennar spun off its commercial servicing division, LNR Property Corporation, which was acquired by
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Challenge Cancer initiative and regularly donates to the Sylvester Comprehensive Cancer Center at the
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In February 2017, the company acquired WCI Communities, which operated in Florida, for $ 643 million.
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Lennar is headquartered in Miami as part of the Waterford Business District located near the
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Understanding Family Firms: Case Studies on the Management of Crises, Uncertainty and Change
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In February 1992, the company acquired Amerifirst's $ 1 billion real estate portfolio in a
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In January 1989, the company acquired Richmond American Homes of Florida for $ 18 million.
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534:, the company faced several lawsuits from homeowners alleging careless building quality.
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In 2005, Lennar acquired Barker Coleman Homes, and the company acquired the 3,718-acre
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of the first names of two of the company's founders, Leonard Miller and Arnold Rosen.
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1178:"Home-Construction Industry in Florida Examined in Wake of Hurricane Andrew"
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1825:"Court upholds Lennar's $ 1-billion verdict against San Diego developer"
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in addition to dozens of Lennar Welcome Home Centers across the nation.
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1937:"Lennar acquires proptech Veev, which bombed after raising $ 600M"
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Construction and civil engineering companies of the United States
2087:
Construction and civil engineering companies established in 1954
1136:"Florida Builders Gird for Lawsuits Over Homes Damaged in Storm"
785:- Despite the "Miami, FL" postal address, the facility is in an
444:
in 1982 and as of 2024 has a market cap of around $ 47 billion.
1688:"Robert J. Strudler, 64; board chairman of home builder Lennar"
513:
Lennar acquired H. Miller & Sons in 1984 for $ 24 million.
506:, Michigan, and Dreyfus Interstate Development Corp., based in
1714:
1731:"2019 SUMMER INTERNSHIP SERIES: WILSON BLUM, RIALTO CAPITAL"
1575:"COMPANY NEWS; REAL ESTATE DEVELOPER SOLD FOR $ 990 MILLION"
609:
In 2001, the company acquired home building operations from
658:
In November 2006, Lennar chairman Robert J. Strudler died.
2017:
1910:"Lennar's LenX Taps Veev In NoCal Modular Pre-Fab Project"
494:
In 1973, the company acquired Mastercraft Homes, based in
370:
1892:"Lennar Completes Strategic Combination with CalAtlantic"
1866:"Lennar signs deal for new headquarters in South Florida"
675:
In 2008 and 2009, former businessman and convicted felon
545:
to acquire a $ 2 billion face-value loan portfolio from
1988:"Lennar pays $ 68M for its Miami headquarters property"
798:"2020 CENSUS - CENSUS BLOCK MAP: Miami-Dade County, FL"
1286:"Leonard Miller, 69; Led Expansion of the Lennar Corp"
537:
In July 1993, the company formed a joint venture with
1448:"Lennar Corp. buys Sunstar Homes from Fortress Group"
627:
The company then acquired 650 acres (2.6 km) on
616:
In 2002, the company acquired Patriot Homes based in
502:, purchasing Bert L. Smokler & Company, based in
1553:"Lennar and LNR Set a Pact To Purchase Newhall Land"
774:"Lennar Corporation FY 2023 Form 10-K Annual Report"
476:, invested $ 10,000 and partnered with the company.
1407:"Lennar to acquire U.S. Home Corp. in major merger"
782:
5505 Waterford District Drive, Miami, Florida 33126
472:, a 23-year-old entrepreneur that owned 42 lots in
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1383:"LENNAR AGREES TO BUY U.S. HOME FOR $ 476 MILLION"
1359:"LENNAR ADDING TO HOLDINGS IN SOUTHERN CALIFORNIA"
1336:
27:American home construction and real estate company
1846:"Lennar Completes Acquisition of WCI Communities"
1621:"Former Marine base El Toro goes to Lennar homes"
1752:
1750:
1748:
1746:
1157:"Investing Into the Wind: An Odd, Volatile Game"
2082:Companies listed on the New York Stock Exchange
1468:"Lennar wraps up acquisition of Patriot Homes"
487:, raising $ 8.7 million. It was listed on the
1198:"Lennar to partner with Westinghouse, Lehman"
8:
1710:"Builder dumps homes in Morgan Stanley deal"
1664:"Robert J. Strudler, 64, Chairman of Lennar"
1510:"In Vallejo, a Lesson in Converting El Toro"
1069:"Obituaries: Howard H. Miller, Home Builder"
631:, in a closed Navy base, for redevelopment.
560:, and acquired California company Bramalea.
386:Financials as of November 30, 2023.
32:
998:Carsrud, Alan L.; Brännback, Malin (2011).
2107:Real estate companies of the United States
1962:"Lennar Corporation Community Involvement"
1428:"Lennar to buy U.S. Home for $ 36 a Share"
993:
38:
31:
2102:Real estate companies established in 1954
1986:Alvarado, Francisco (December 22, 2023).
1531:"LNR, Lennar close $ 1B Newhall Land buy"
991:
989:
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1218:"LENNAR TO BUY EXXON'S REAL ESTATE UNIT"
1048:"AETNA LIFE WILL BUY 100% OF AIMS GROUP"
634:In 2003, Lennar acquired Coleman Homes.
1155:Myerson, Allen R. (September 3, 1992).
778:U.S. Securities and Exchange Commission
760:
704:In February 2018, the company acquired
2072:American companies established in 1954
2024:Business data for Lennar Corporation:
1801:Barrett, Paul M. (December 20, 2013).
440:. Lennar stock (LEN) was added to the
1935:Staff, T. R. D. (December 29, 2023).
1863:Bandell, Brian (September 20, 2019).
1330:
1328:
768:
766:
764:
7:
1759:"Barry Minkow: All-American con man"
1640:Pasco, Jean O. (February 18, 2005).
1599:Howard, J. Lee (February 23, 2004).
1822:Reckard, E. Scott (April 3, 2015).
1729:Blum, Wilson (September 30, 2019).
1708:Isidore, Chris (December 3, 2007).
1176:Belsie, Laurent (October 4, 1992).
1778:Whelan, Robbie (January 5, 2012).
1757:Parloff, Roger (January 5, 2012).
1426:Petruno, Tom (February 18, 2000).
25:
1643:"With El Toro Sold, What's Next?"
1507:Pasco, Jean O. (March 21, 2005).
1335:Brown, Eliot (October 24, 2012).
547:Westinghouse Electric Corporation
539:Westinghouse Electric Corporation
226:73,087 new home deliveries (2023)
1241:VRANA, DEBORA (March 14, 1996).
646:Marine Corps Air Station El Toro
639:Newhall Land and Farming Company
396:Lennar's former headquarters in
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1626:American City Business Journals
1606:American City Business Journals
1536:American City Business Journals
1493:American City Business Journals
1488:"Lennar buys two Chicago firms"
1473:American City Business Journals
1453:American City Business Journals
1412:American City Business Journals
1270:American City Business Journals
1006:Springer Science+Business Media
554:Friendswood Development Company
383:Footnotes / references
2067:1970s initial public offerings
2062:1954 establishments in Florida
1871:South Florida Business Journal
1338:"Starwood to Buy LNR Property"
637:In 2004, the company acquired
552:In 1995, the company acquired
1:
1781:"Minkow Sentenced to 5 Years"
1550:Perez, Evan (July 22, 2003).
1265:"Lennar's founder dies at 69"
1183:The Christian Science Monitor
661:In December 2007, during the
173:postal address, Florida, U.S.
1308:"Inside the house of Lennar"
924:"Lennar Corporation History"
807:. p. 42 (PDF p. 43/154)
874:"Lennar 2023 Annual Report"
740:Miami International Airport
699:Miami International Airport
530:In October 1992, following
415:Lennar Corporation (Lennar)
137:; 70 years ago
2123:
1203:United Press International
1112:"Amerifirst's Assets Sold"
474:Miami-Dade County, Florida
423:Miami-Dade County, Florida
407:Lennar's branch office in
1244:"A New Landlord for Coto"
611:Fortress Investment Group
466:Miller School of Medicine
381:
53:Lennar's headquarters in
46:
37:
2077:Companies based in Miami
663:subprime mortgage crisis
565:Coto de Caza, California
500:Midwestern United States
1787:The Wall Street Journal
1675:(subscription required)
1559:The Wall Street Journal
1344:The Wall Street Journal
1091:"NIGHTMARE DREAM HOMES"
569:census-designated place
489:New York Stock Exchange
485:initial public offering
442:New York Stock Exchange
1808:Bloomberg Businessweek
1601:"Lennar to buy Queens"
653:Starwood Capital Group
596:construction companies
508:Minneapolis–Saint Paul
433:from Lennar Mortgage.
411:
400:
398:Fontainebleau, Florida
447:The name Lennar is a
409:San Ramon, California
406:
395:
1898:. February 12, 2018.
1852:. February 10, 2017.
1697:. November 11, 2006.
1672:. November 13, 2006.
1629:. February 17, 2005.
1456:. December 21, 2001.
1415:. February 18, 2000.
1395:. February 18, 2000.
1124:. February 28, 1992.
1030:"Lennar Corporation"
780:. January 26, 2024.
1916:. November 19, 2021
1914:The Builder's Daily
1539:. January 28, 2004.
1476:. January 24, 2002.
1230:. December 8, 1995.
1100:. January 23, 1989.
787:unincorporated area
728:University of Miami
648:for redevelopment.
587:from 2007 to 2010.
577:Chevron Corporation
549:for $ 1.1 billion.
470:University of Miami
427:property technology
331:Number of employees
34:
1736:Cornell University
1669:The New York Times
1581:The New York Times
1496:. August 13, 2002.
1388:The New York Times
1364:The New York Times
1223:The New York Times
1162:The New York Times
1144:. October 4, 1992.
1141:The New York Times
1117:The New York Times
1078:. January 6, 1998.
1053:The New York Times
1008:. pp. 93–94.
954:Lennar Corporation
805:U.S. Census Bureau
749:Irvine, California
618:Columbia, Maryland
412:
401:
188:executive chairman
33:Lennar Corporation
1894:(Press release).
1848:(Press release).
1831:Los Angeles Times
1694:Los Angeles Times
1649:Los Angeles Times
1516:Los Angeles Times
1433:Los Angeles Times
1292:Los Angeles Times
1273:. August 5, 2002.
1250:Los Angeles Times
1056:. April 17, 1973.
834:builderonline.com
791:Miami-Dade County
717:Lennar Foundation
712:Corporate affairs
706:CalAtlantic Homes
585:US housing crisis
421:company based in
419:home construction
390:
389:
354:CalAtlantic Homes
323:US$ 26.58 billion
303:US$ 39.23 billion
283:US$ 3.938 billion
263:US$ 5.366 billion
217:Production output
126:Home construction
55:Miami-Dade County
16:(Redirected from
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105:component (LEN)
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2010:External links
2008:
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1978:
1966:www.lennar.com
1953:
1927:
1901:
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1814:
1793:
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