Lennar Multifamily Communities

Lennar Corporation (NYSE: LEN) is a Miami-based homebuilder founded in 1954, with a market capitalization of nearly $10 billion. It has offices in 33 markets across 16 states, and employs over 4,000 associates nationwide. Besides its role as a market leader in single-family homebuilding, Lennar enjoys an outstanding reputation and track record in creating value for its shareholders with investments outside its traditional model.  Founded in mid-2011 as a subsidiary of Lennar Corporation, Lennar Multifamily Communities, LLC (LMC) is a multifamily real estate investment and development company.  LMC specializes in the development, management, construction, and ownership of a portfolio of Class A apartments nationwide.  The company combines the financial strength and entrepreneurial spirit of the nation’s third-largest homebuilder with the onset of increasingly favorable apartment fundamentals nationwide.  Since its founding, LMC has attracted an outstanding team of seasoned professionals and has assembled a pipeline that includes nearly 20,000 units and $5.5 billion in total development cost.