Lennar Enters Rental Biz With $1B In Planned Projects

Law360, New York (January 16, 2013, 3:08 PM EST) -- Miami-based homebuilder Lennar Corp. has set up a more than $1 billion pipeline for construction of new multifamily rental properties across the country, with plans to invest up to $100 million of the company's funds in 3,000 new apartments by the end of the year, Lennar said Tuesday.

The company, which focuses its business on individual homes, started to venture into the rental business in 2011 as a way to make up for underperforming single-family assets, and plans to boost this part of its operations in...
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