Lennar Corporation is an American home construction company based in Miami-Dade County, Florida.

[7] Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen.

[12] In February 1992, the company acquired Amerifirst's $1 billion real estate portfolio in a joint venture with Morgan Stanley.

[13] In October 1992, following Hurricane Andrew, the company faced several lawsuits from homeowners alleging careless building quality.

[36][37] In 2006, Lennar spun off its commercial servicing division, LNR Property Corporation, which was acquired by Starwood Capital Group in 2012.

[38][39] In December 2007, during the subprime mortgage crisis, the company sold an 80% interest in 11,000 properties for 40% of their previously stated book value to Morgan Stanley.

[40] In 2007, Lennar founded Rialto Capital Management, which was originated to acquire distressed real estate and mortgage debt.

[41] In 2008 and 2009, former businessman and convicted felon Barry Minkow engaged in an extortion scheme, spreading false information about the company that resulted in its stock price falling 26% in one day.

[42] After a trial, a Superior Court judge decided in July 2010 that Marsch actually owed Lennar $17 million for the development.

With this acquisition, Lennar entered the Birmingham, Kansas City, Little Rock, Northwest Arkansas, Tulsa and Tuscaloosa markets.

In addition, it expanded its presence in Houston, Huntsville, Northwest Florida, Oklahoma City and San Antonio.

[51] In February 2025, Lennar spun off Millrose Properties, Inc., a "first-of-its-kind" homesite option purchase platform.

[54] Other corporate office locations include Dallas and Irvine, California in addition to dozens of Lennar Welcome Home Centers across the nation.