Charmingly Eccentric Homes: A New Collaboration between Lennar Corporation and Millrose Properties

Exciting News in the Real Estate Industry

MIAMI, Feb. 7, 2025 /PRNewswire/ — Lennar Corporation (NYSE: LEN and LEN.B, “Lennar”), one of the nation’s leading homebuilders, and Millrose Properties, Inc. (NYSE: MRP, “Millrose”), a “first-of-its-kind” homesite option purchase platform, jointly announced today that they have successfully completed the previously announced taxable spin-off (the “Spin-Off”) of Millrose from Lennar through a distribution of approximately 80% of Millrose’s stock to Lennar’s stockholders (the “Distribution”). Prior to the open of trading on the New York Stock Exchange today, each holder of Lennar Class A or Class B common stock as of the close of business on January 21, 2025, the record date of the Spin-Off, received one share of Millrose Class A common stock, unless the holder elected to receive one share of Millrose Class B common stock, for each two shares of Lennar Class A or Class B common stock.

What Does This Collaboration Mean?

This collaboration marks an exciting new chapter in the real estate industry, bringing together the expertise of Lennar Corporation, known for its quality home construction, with the innovative approach of Millrose Properties, Inc., a platform that offers unique homesite options to buyers.

Lennar Corporation

Lennar Corporation has been a trusted name in homebuilding for years, with a focus on creating quality homes that meet the needs of modern homeowners. By partnering with Millrose Properties, Lennar is expanding its offerings to include a new range of homesites that offer buyers even more options when it comes to selecting the perfect location for their dream home.

Millrose Properties, Inc.

Millrose Properties, Inc. is a “first-of-its-kind” homesite option purchase platform that is revolutionizing the way homebuyers find the perfect spot for their new home. By partnering with Lennar, Millrose has the opportunity to reach a wider audience and offer its unique homesite options to more buyers than ever before.

How Will This Collaboration Affect Me?

As a potential homebuyer, this collaboration between Lennar Corporation and Millrose Properties, Inc. means that you will have access to a wider range of homesite options when looking for your dream home. Whether you are seeking a charmingly eccentric home with personality or a more traditional style, this collaboration is sure to offer something for everyone.

How Will This Collaboration Affect the World?

This collaboration between Lennar Corporation and Millrose Properties, Inc. has the potential to transform the real estate industry by offering buyers a new way to find the perfect homesite for their needs. By combining Lennar’s expertise in home construction with Millrose’s innovative approach to homesite options, this collaboration has the power to shape the future of homebuying.

Conclusion

In conclusion, the collaboration between Lennar Corporation and Millrose Properties, Inc. is an exciting development in the real estate industry that has the potential to offer buyers a wider range of homesite options and transform the way homes are built and purchased. With a focus on charm, personality, and maximum reader engagement, this collaboration is sure to bring a new level of excitement to the world of homebuying.