Lennar Announces First Closing of $1.1B Lennar Multifamily Venture

MIAMI, July 15, 2015 -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today announced the formation of Lennar Multifamily Venture ("LMV" or the "Venture"), an equity fund between Lennar Multifamily Communities ("LMC") and global sovereign and institutional investors targeting investments in class-A multifamily development assets in 25 top metropolitan markets […]