Lennar Homes Building 6500 Apartments With $1 Billion Investment In Rental Market

/Lennar Homes Building 6500 Apartments With $1 Billion Investment In Rental Market

Lennar Homes Building 6500 Apartments With $1 Billion Investment In Rental Market

It seems even home builders are now getting into the rental market.  In their latest conference call, Lennar Homes announced they would be spending $1 billion over the next 3 years to build 6500 apartments.  CEO Stuart Miller explained Lennar’s desire to dive into the rental market, citing tight lending conditions and a desire to covert renter to future Lennar home buyers:

“There will consistently be a large group of people who simply can’t buy a home. The company is hoping that Lennar renters will become Lennar home buyers in the future.”

 

By | 2013-01-17T15:51:46+00:00 January 17th, 2013|Development, Economy, Real Estate|0 Comments

About the Author:

Aaron Layman is the broker/owner of Aaron Layman Properties LLC, based in Dallas Texas.

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