Similar to: D.R. Horton, Inc.
Lennar Corp. builds quality homes for all generations. The company also provides financial services through Rialto Investments, an investor and manager of funds that invest in real estate assets. It builds affordable, move-up and retirement homes primarily under the Lennar brand name in urban, golf course, active adult or suburban communities. The company operates its business through the following business segments: Lennar Land & Homebuilding, Lennar Financial Services and Rialto Capital Management. The Lennar Land & Homebuilding segment's operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land directly and through unconsolidated entities. This segment's activities are divided into five reportable divisions: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. The Lennar Financial Services segment provides mortgage financing, title insurance and closing services. The Rialto Capital Management segment is focused on distressed real estate asset investments, asset management and workout strategies. This segment utilizes its vertically-integrated investment and operating platform to underwrite, diligence, acquire, manage, workout and add value to diverse portfolios of real estate loans, properties and securities, as well as providing strategic real estate capital. It also manages third party capital, including commercial and residential real estate loans and properties, as well as mortgage backed securities. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.