LEN · News · 20261026N

Acquisition / Partnership / Divestiture

LENNAR CORP /NEW/ · 2026-10-26 · Importance 40 · Surprise 42

Lennar sold 1,233 single-family homes to Millrose Properties, its former spinoff, for $333 million on October 27, 2026. The homes are intended for single-family rental purposes. The transaction is notable amid allegations in a separate Millrose investor lawsuit that Millrose acquired finished homes from Lennar to operate as rentals and help Lennar move unsold inventory; Lennar is not identified as a defendant in the reported lawsuit.

Key facts

• A securities class action against Millrose alleges that it began acquiring finished homes from Lennar in August 2026 to operate as rentals, allegedly at a loss and to help Lennar move unsold inventory. source