LEN · News · 20261027N
Acquisition / Partnership / Divestiture
LENNAR CORP /NEW/ · 2026-10-27 · Importance 40 · Surprise 42 · In source text
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
- Lennar sold 1,233 single-family homes to Millrose Properties for $333 million for single-family rental purposes. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +4.1% | Lennar sold 1,233 single-family homes to Millrose Properties for $333 million for single-family rental purposes. |