Lennar To Acquire Rausch Coleman Homes
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
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Source: PR Newswire
MIAMI, Nov. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) announced today that it has entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas. Lennar will acquire Rausch Coleman's homebuilding operations, which expects to deliver approximately 5,000 homes with an average sales price of $230,000 in calendar year 2024.In connection with Lennar's land light strategy, Lennar intends to assign the purchase of, and option, all of Rausch Coleman's land assets with a third party. With this acquisition, Lennar will expand its footprint into new markets in Arkansas, Oklahoma, Alabama, Kansas and Missouri while adding to its existing footprint in Texas, Oklahoma, Alabama and Florida. The acquisition will add to Lennar's community count and deliveries which are part of its 2025 growth target. The acquisition is expected to be completed in Lennar's first quarter of 2025. About LennarLennar Corporation, fo
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News
- Florida company to buy Rausch Coleman Homes [Yahoo! Finance]Yahoo! Finance
- Lennar (LEN) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Lennar To Acquire Rausch Coleman Homes [Yahoo! Finance]Yahoo! Finance
- Quarterra Multifamily Announces the Start of Leasing at Cordelia Apartments [Yahoo! Finance]Yahoo! Finance
- Quarterra Multifamily Announces the Start of Leasing at Cordelia ApartmentsPR Newswire
LEN
Earnings
- 9/19/24 - Beat
LEN
Sec Filings
- 11/12/24 - Form SC
- 10/29/24 - Form 4
- 10/28/24 - Form 144
- LEN's page on the SEC website