Lennar Acquires Control Of 1,602 Homesites Across Seven Raleigh Communities
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
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Source: PR Newswire
RALEIGH, N.C., April 26, 2019 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today announced that it has closed on a lot purchase agreement with Level Homes. As a result of the transaction, Lennar now controls an additional 1,602 new homesites across seven communities throughout the Raleigh market including 5401 North, Willow Oak and Meadowbrook. An affiliate of Level Homes will develop and deliver these homesites to Lennar over the next several years. "Raleigh is a very important market for Lennar and this acquisition expands our footprint and supports our growth plans in the Triangle," said Troy George, Raleigh Division President for Lennar. "Level has earned a strong reputation for acquiring land that is uniquely positioned. These homesites will further diversify our geographic and product mix across the Raleigh market and bolster our already strong land pipeline in the years ahead.""Raleigh-Durham has been a great market for Le
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Earnings
- 3/13/24 - Beat
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Sec Filings
- 4/25/24 - Form 10-K/A
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- LEN's page on the SEC website