Lennar

Lennar Corporation, established in 1954 and based in Miami, Florida, is one of the largest homebuilders in the United States, focusing on the construction of quality homes for various demographics, including first-time, move-up, and active adult buyers. The company offers a diverse range of housing options, including affordable homes and properties in urban, golf course, and suburban communities. In addition to its homebuilding operations, Lennar provides mortgage financing and related services through its financial-services segment. The company is also engaged in the construction of multifamily and single-family rental properties and has invested in several housing-related technology startups, further expanding its impact on the residential real estate market.

Rick Beckwitt

President

Stuart Miller

Executive Chairman and Member of the Board of Directors

Arnold Rosen

Co-Founder

Past deals in Residential

Cover

Series B in 2021
Cover Technologies Inc. specializes in the design, manufacturing, and installation of prefabricated homes, with a particular focus on custom backyard structures such as studios, home offices, guest houses, and hobby spaces. Founded in 2014 and based in Gardena, California, Cover employs proprietary design software and a precision manufacturing system to create energy-efficient and well-designed living spaces. The company aims to make thoughtfully built homes accessible to a broader audience, offering a streamlined process that significantly reduces the time required for traditional construction. Cover has initiated operations in Los Angeles and is currently accepting pre-orders for its products worldwide.

Cover

Series A in 2020
Cover Technologies Inc. specializes in the design, manufacturing, and installation of prefabricated homes, with a particular focus on custom backyard structures such as studios, home offices, guest houses, and hobby spaces. Founded in 2014 and based in Gardena, California, Cover employs proprietary design software and a precision manufacturing system to create energy-efficient and well-designed living spaces. The company aims to make thoughtfully built homes accessible to a broader audience, offering a streamlined process that significantly reduces the time required for traditional construction. Cover has initiated operations in Los Angeles and is currently accepting pre-orders for its products worldwide.

Divvy Homes

Series B in 2019
Divvy Homes is a tech-enabled real estate platform based in San Francisco, California, that aims to make homeownership more accessible. Founded in 2017, the company operates in several cities, including San Francisco, Atlanta, Cleveland, and Seattle. Divvy Homes facilitates rent-to-own arrangements by purchasing residential properties on behalf of renters. Customers make down payments and rent the homes, allowing them to build savings toward eventual ownership. This innovative approach helps address the housing affordability gap by providing a transparent and straightforward path to homeownership for families.

WCI Communities

Acquisition in 2016
WCI Communities, based in Bonita Springs, Florida, specializes in the development of master-planned communities that cater to a lifestyle enriched with various amenities. The company focuses on constructing single and multi-family homes, residential towers, condominiums, and hotels, while also providing complementary services through its real estate brokerage and title services divisions. With a commitment to high-quality construction and customer service, WCI aims to create exceptional living experiences for its residents, currently numbering over 150,000.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.