Welcome to our dedicated page for Lennar news (Ticker: LEN), a resource for investors and traders seeking the latest updates and insights on Lennar stock.
Lennar Corporation reports news as a U.S. homebuilder with Class A and Class B common stock traded on the New York Stock Exchange. The company builds affordable, move-up and active adult homes primarily under the Lennar brand, and its updates commonly cover home orders, deliveries, backlog, margins, revenues and liquidity in homebuilding.
Recurring announcements also address quarterly dividends, share repurchases, earnings-call schedules, mortgage, title and closing services in Financial Services, multifamily rental development, commercial real estate mortgage origination through LMF Commercial, and technology and strategic investments through LENX.
Quarterra Multifamily, a subsidiary of Lennar , announced the start of leasing at Dryden Apartments in Denver's Golden Triangle Neighborhood. This luxury high-rise features 420 homes and 9,241 square feet of leasable retail space. Dryden offers amenities such as smart home technologies, a rooftop lounge, a wellness spa, and co-working stations. The community is strategically located near restaurants, art venues, and sports stadiums, with easy access to major thoroughfares and public transport. Leasing begins this summer.
Lennar (NYSE: LEN and LEN.B), a major U.S. homebuilder, will release its Q2 earnings on June 17, 2024, post-market close.
A conference call to discuss the results is scheduled for June 18, 2024, at 11:00 a.m. Eastern Time, and will be live-streamed on Lennar's investor relations website.
Founded in 1954, Lennar builds affordable, move-up, and active adult homes. The company also provides mortgage financing and develops multifamily rental properties nationwide.
Recording of the call will be available on the website for 90 days.
Quarterra Multifamily, a subsidiary of Lennar , has announced the start of construction on Renata Apartments in Santa Rosa, California. This new development will feature 260 one- and two-bedroom apartments within the Perennial Park master-planned community. Renata includes amenities such as a resort-inspired pool, fitness center, and EV chargers, and aims for LEED Gold certification. Located at 3575 Mendocino Avenue, Renata will offer excellent connectivity to transportation services and proximity to Sonoma County's attractions. This is Quarterra's ninth development in Northern California.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) closed a $125 million loan on a 414-unit multifamily property in downtown Stamford, CT, part of $408 million in loan originations in Q2 and $999 million year-to-date. The loan has a three-year term with extension options, sponsored by Quarterra Multifamily, a subsidiary of Lennar FBRT President, Michael Comparato, commended the partnership with Quarterra.
Invitation Homes Inc. (NYSE: INVH) announced a joint venture with Quarterra Group Inc., a subsidiary of Lennar , Centerbridge Partners, and other investors. Invitation Homes will manage 4,400 single-family homes in its core markets within the Upward America joint venture, aiming to provide quality housing options for families.
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