Lennar

Lennar Corporation, established in 1954 and based in Miami, Florida, is among the largest homebuilders in the United States. The company specializes in constructing quality homes that cater to a diverse range of buyers, including first-time, move-up, and active adult consumers. Lennar offers a variety of housing options, including affordable, move-up, and retirement homes, tailored to different lifestyles in urban, golf course, active adult, and suburban communities. In addition to its homebuilding operations, the company provides mortgage financing and related services through its financial-services segment. Lennar is also engaged in the construction of multifamily and single-family rental properties and has made investments in various housing-related technology startups.

Richard Beckwitt

Director

Bruce E. Gross

CEO Lennar Financial Services

Stuart Miller

Executive Chairman and Member of the Board of Directors

Past deals in Residential Real Estate

Rausch Coleman Homes

Acquisition in 2024
Rausch Coleman Homes is a real estate company providing real estate services. The firm is involved in every aspect of community planning from acquiring the land, designing the homes, planning the street layout, and creating the open parks and other community amenities. Ernest R. Coleman launched the firm in Fayetteville, Arkansas in 1957.

Veev

Acquisition in 2023
Veev Inc., established in 2017 and located in Minneapolis, Minnesota, is a building technology company focused on transforming the construction and experience of homes. It offers a comprehensive home operating system that integrates room-specific lighting, climate control, and security features, addressing a wide range of smart housing needs. Veev utilizes innovative materials such as light gauge steel for framing and high performance acrylic for surfaces, alongside advanced systems for radiant climate control. The company's offerings include a panelized building system and a digital ecosystem that enhances home management, safety, and maintenance. Currently, Veev is concentrating on high-performance multifamily units and accessory dwelling units (ADUs), with a development pipeline that encompasses over 230 units and 620,000 gross building square feet.

Dandelion Energy

Series B in 2021
Dandelion Energy, Inc., founded in 2017 and based in Palo Alto, California, specializes in providing affordable geothermal heating and cooling installations. The company has developed a home geothermal system that replaces traditional air conditioning and heating equipment with an efficient heat pump and safe underground pipes. This system harnesses thermal energy from the earth to regulate indoor temperatures and produce hot water, allowing homeowners to transition from conventional heating fuels to a more sustainable geothermal solution. Dandelion Energy aims to make renewable energy accessible and cost-effective for residential customers.

Dandelion Energy

Series A in 2020
Dandelion Energy, Inc., founded in 2017 and based in Palo Alto, California, specializes in providing affordable geothermal heating and cooling installations. The company has developed a home geothermal system that replaces traditional air conditioning and heating equipment with an efficient heat pump and safe underground pipes. This system harnesses thermal energy from the earth to regulate indoor temperatures and produce hot water, allowing homeowners to transition from conventional heating fuels to a more sustainable geothermal solution. Dandelion Energy aims to make renewable energy accessible and cost-effective for residential customers.

Divvy Homes

Series B in 2019
Divvy Homes, founded in 2017 and headquartered in San Francisco, California, is a technology-driven real estate platform that aims to make homeownership more accessible. The company operates in key markets, including San Francisco, Atlanta, Cleveland, and Seattle, offering a rent-to-own model that allows customers to select any home on the market. Divvy Homes purchases the property on behalf of the renter, who then makes monthly rent payments while building savings toward a future purchase. This approach not only assists individuals in overcoming barriers to homeownership but also provides them with the flexibility to buy their home when they are ready or to walk away and cash out their savings. Through its services, Divvy Homes seeks to address the housing affordability gap and provide a transparent path to homeownership for families.

Opendoor Technologies

Series E in 2019
Opendoor operates a digital platform that simplifies the residential real estate market by facilitating the buying and selling of homes online. The company allows sellers to receive offers without the need to list or show their properties, thereby streamlining the selling process. Buyers can explore available homes and access them instantly through the company's application, enhancing the home-buying experience. Opendoor generates revenue primarily through home sales, alongside additional income from various real estate services, making it a comprehensive solution for those looking to navigate the real estate market efficiently.

Dandelion Energy

Series A in 2019
Dandelion Energy, Inc., founded in 2017 and based in Palo Alto, California, specializes in providing affordable geothermal heating and cooling installations. The company has developed a home geothermal system that replaces traditional air conditioning and heating equipment with an efficient heat pump and safe underground pipes. This system harnesses thermal energy from the earth to regulate indoor temperatures and produce hot water, allowing homeowners to transition from conventional heating fuels to a more sustainable geothermal solution. Dandelion Energy aims to make renewable energy accessible and cost-effective for residential customers.

Opendoor Technologies

Series E in 2018
Opendoor operates a digital platform that simplifies the residential real estate market by facilitating the buying and selling of homes online. The company allows sellers to receive offers without the need to list or show their properties, thereby streamlining the selling process. Buyers can explore available homes and access them instantly through the company's application, enhancing the home-buying experience. Opendoor generates revenue primarily through home sales, alongside additional income from various real estate services, making it a comprehensive solution for those looking to navigate the real estate market efficiently.

CalAtlantic Homes

Acquisition in 2018
CalAtlantic Homes. Continuing the legacies of Ryland and Standard Pacific. With nearly 100 years of combined homebuilding expertise, CalAtlantic Homes, the new company formed by the merger of these two well‐respected companies, operates in 17 states with 26 divisions serving 41 major markets. Together, the breadth of organizational talent, collective experience, shared customer and quality focus, and an array of exceptional product offerings make CalAtlantic a substantial force in the new home sector.

Opendoor Technologies

Debt Financing in 2018
Opendoor operates a digital platform that simplifies the residential real estate market by facilitating the buying and selling of homes online. The company allows sellers to receive offers without the need to list or show their properties, thereby streamlining the selling process. Buyers can explore available homes and access them instantly through the company's application, enhancing the home-buying experience. Opendoor generates revenue primarily through home sales, alongside additional income from various real estate services, making it a comprehensive solution for those looking to navigate the real estate market efficiently.
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