Lennar Files with SEC for $5B Land REIT Spin-Off, Millrose Properties

12/18/2024

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Connect CRE

• Subcategory: Land: Housing, SF: Attached, SF: Detached

• Tag: New Company

• Additional Filters-Subcategory: Land: Lots, Land: Multifamily, Land: Single Family, SF: MPC, SF: PUD

• Company: Lennar Corp. (NYSE: LEN)

Lennar Corp. said Wednesday it filed a registration statement with the SEC to spin off its land holdings into a separate, publicly traded company. The Miami-based homebuilder expects the spin-off, to be known as Millrose Properties, to qualify as a REIT valued at $5 billion or more.