June 18, 2013
(NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced today that the Company has expanded its homebuilding operations into the
market by acquiring control of approximately 40 homesites in the Tollgate Village community.
Lennar's start-up operations in
are being led by
, a 12-year
homebuilding veteran. "We feel very strongly that Andy is the right person to introduce our new home product and brand philosophy into this market and we are thrilled to have him join our team," said
, President of Lennar's Central Region. "Andy is an exceptional leader and we are honored to benefit from his expertise, keen insights and vast knowledge of the homebuilding industry in the
"We are excited about bringing our Lennar Everything's Included Homes to the
market," continued Hutton. "We have been evaluating the
market for some time and believe this is a perfect time to enter this market."
The entry into the
market is similar to Lennar's recent strategic expansion into
. Lennar now has homebuilding operations in 19 states and 46 markets across the nation. For more information and for a complete list of Lennar Communities, visit
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. The Company builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. Lennar's Rialto Investments segment is focused on distressed real estate asset investments, asset management and workout strategies. Previous press releases and further information about the Company may be obtained at the "Investor Relations" section of the Company's website,
SOURCE Lennar Corporation