Lennar is known for its homebuilding chops, ... Map: These are Lennar’s Texas apartments that could hit the market. Firm shopping 11,000-unit apartment portfolio amid market headwinds.

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Lennar (LEN) Corporation and Millrose Properties (MRP) have completed the previously announced taxable spin-off of Millrose from Lennar through a distribution of approximately 80% of Millrose’s ...

Lennar targets first-time, move-up, and active adult homebuyers. The average sales price of a Lennar home last year was $326,000, which puts Lennar toward the lower end of price points.

Lennar will distribute about 80% of Millrose’s common stock to its existing Class A and B shareholders in a partial, taxable spinoff. The company will then dispose of the remaining 20% in a ...