Lennar
Lennar Corporation (NYSE: LEN) is a Fortune 200 company based in Miami, Florida, United States and is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle – such as urban, golf course, Active Adult or suburban Communities. Lennar was founded in 1954.
Lennar is one of the United States’ largest homebuilders, constructing homes in 18 different states throughout the United States, including Florida, Texas, Arizona, California, South Carolina, North Carolina, Virginia, Maryland, New Jersey, New York, Delaware, Massachusetts, Pennsylvania, Illinois, Minnesota, Nevada, Alabama and Colorado.
Over the past twenty years Lennar has increased its number of new home deliveries from 2,978 to 49,568 homes in 2006.
Lennar’s Financial Services companies – including Universal American Mortgage Company, North American Title Company and Lennar Communications Ventures – help simplify the entire homebuying process for our Lennar Customers. By providing everything from title, mortgage, closing services and high-speed internet service, Lennar makes it even easier to become a homeowner.
Lennar Founding Principles
At Lennar, we set the highest standards for caring for our Customers, Associates, Shareholders and our Community.
Our commitment to Quality, Value and Integrity is the underlying foundation upon which we were built, and this commitment continues to guide us to this day.
- Our Lennar Associates are committed to always doing the right thing for the right reason, and approaching each day with the highest of Integrity.
- Our Lennar Associates are committed to being innovators in the homebuilding industry, and are constantly focused on improving the Quality of our homes.
- And our Lennar Associates are committed to delivering the best possible home Value to each of our Customers.
At Lennar, we believe in what we do because fundamentally, our business is about dreams – the dreams of our Customers, Associates and Shareholders. We care about those dreams because our reputation is built on them.
Lennar Historical Highlights
- Lennar began in 1954, as F&R Builders, co-founded by Gene Fisher and Arnold Rosen.
- In 1956 Leonard Miller joined F&R by investing $10,000 and replacing Gene as Arnold’s partner.
- Through Leonard’s guidance and Arnold’s attention to construction, our hallmark traits of Quality, Value and Integrity were born.
- In 1971 we became a public Company under the corporate banner of Lennar, a combination of Leonard and Arnold’s names.
- Through the years, Lennar has grown to a disciplined and spirited team of Associates who have fine-tuned the art of identifying and capturing opportunities to grow and become an even better Company.
- The result is a long proven track record of strategically timed and impeccably executed expansions into new markets.
As a result, Lennar now builds homes in some of the most desirable cities and states to live in all across America, and has now become one of the most respected homebuilders in the nation.
Lennar Corporate Financial
FORTUNE 500, Lennar Rank 161 (2006)
$ millions % change from 2004 Revenues 13,870.3 32 Profits 1,355.2 43.3 Assets 12,541.2 - Stockholders' Equity 5,251.4 - Market Value 3/17/2006 9,474.1 -
Lennar Corporation
700 N.W. 107th Ave.
Miami, FL 33172
Phone: 305-559-4000