Tag Archives: Lennar Corporation

Lennar Corporation recently announced that its Rialto Capital subsidiary has completed the first closing of a real estate investment fund that will target REOs and other non-performing properties and mortgage assets. Rialto raised $300 million for the fund, of which Lennar itself committed $75 million. The fund will extend the Miami-based homebuilder's buying power for distressed real estate and mortgage debt for the next three years.

Homebuilder Lennar Corporation has acquired around $740 million in loans and distressed real estate from three large financial institutions. The combined portfolio includes both residential and commercial properties and consists of approximately 397 loans and 306 properties.