Items Tagged with 'Lennar Corporation'

ARTICLES

  • CalAtlantic Homes boosts Atlanta presence by acquiring of Home South Communities

    CalAtlantic set to be acquired by Lennar
    CalAtlantic Homes, which is set to be acquired by Lennar in the first quarter of 2018 in a $9.3 billion deal, is doing some acquiring of its own. CalAtlantic announced this week that it is increasing its footprint in the Atlanta market by acquiring Home South Communities, one of the largest privately held homebuilders in the Atlanta metro market.
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  • Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger

    Both cite combined company’s size as significant benefit
    On Monday, Lennar and CalAtlantic Group announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder. Both Fitch Ratings and Moody's Investors Service are bullish on the deal. Here's why.
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  • Lennar merger will create nation’s largest homebuilder

    Deal with CalAtlantic makes company top 3 builder in 24 of 30 largest markets
    It’s turning out to be a year of significant growth for Lennar. Earlier this year, the homebuilder closed on a $643 million acquisition of WCI Communities, a luxury homebuilder headquartered in Florida. But that deal pales in comparison to Lennar’s latest deal.
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  • Lennar targets Millennials with mortgage that pays off their student loans

    Lennar subsidiary Eagle Home Mortgage offers unique lending product
    A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
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  • Lennar bullish after new home demand reaches 10-year high

    New orders, deliveries, revenue from home sales all see double-digit increases
    The most recent data on housing starts and new home sales painted a decidedly gloomy picture about the state of the nation’s housing economy. And while some observers are suggesting that the lack of housing supply is nearing “emergency” status, one prominent homebuilder is seeing just the opposite.
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  • Lennar ordered to pay more than $100 million to iStar in 2005 land row

    Homebuilder recently set aside $140 million for litigation expense
    The U.S.Court of Appeals for the Fourth Circuit ordered Lennar to pay more than $100 million to iStar to settle a lawsuit that stretches back to 2005. According to details published Friday by iStar, a real estate investment trust, the Court of Appeals upheld a lower court’s decision in the lawsuit that stemmed from a soured land deal from more than a decade ago.
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  • Lennar finalizes $643 million acquisition of WCI Communities

    Lennar pays all cash, citing upside for company’s stock
    Lennar is officially growing its business as the company announced Friday that it completed the acquisition of WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida. The companies first announced the deal back in September 2016, and after some financial due diligence, the deal is now complete.
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  • WCI Communities doesn't find better offer; $643M merger with Lennar to move forward

    "Go shop" period expires, but deal isn't done yet
    When WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced last month that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for $643 million, the company said that its board was going to take a 35-day “go shop” period to seek a better deal. Now, the 35-day “go shop” period is over and the merger with Lennar is moving forward, but it’s not a done deal yet.
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  • Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?

    Agreement includes provision that allows WCI to seek better offer
    WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.
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