Lennar completes sale of Rialto Capital unit

Lennar, the largest home construction company in the US, said on Monday it had completed the sale of its affiliated real estate finance business to Connecticut-based private equity firm Stone Point Capital for $340m.

  • By Alexander Saeedy
  • 03 Dec 2018
“We are very pleased to announce the successful execution of this transaction, which is a significant component of our strategy of reverting to our pure-play core homebuilding platform. The closing of this deal generates substantial cash flow,” said Diane Bessette, chief financial officer of Lennar, in a statement. ...

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