On the Record · Lennar
Lennar acquisitions, on the record
The businesses Lennar bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
U.S. Home CorporationWord for word“In 2000, we acquired U.S. Home Corporation, which expanded our operations into New Jersey, Maryland, Virginia, Minnesota and Colorado and strengthened our position in other states.” 10-K for 2023 | acquisition | 2000 | — |
Pacific Greystone CorporationWord for word“During the 1980s and 1990s, we entered and expanded operations in a number of homebuilding markets, including California, Florida and Texas, through both organic growth and acquisitions, such as Pacific Greystone Corporation in 1997.” 10-K for 2023 | acquisition | 1997 | — |
WCI Communities, Inc.Word for word“In 2017, we acquired WCI Communities, Inc., a homebuilder of luxury single-family and multifamily homes, including a small number of luxury high-rise tower units, in Florida.” 10-K for 2023 | acquisition | 2017 | — |
CalAtlantic Group, Inc.Word for word“In 2018, we acquired CalAtlantic Group, Inc. ("CalAtlantic"), a major homebuilder which was building homes across the homebuilding spectrum, from entry level to luxury, in 43 metropolitan statistical areas spanning 19 states, and providing mortgage, title and escrow services.” 10-K for 2023 | acquisition | 2018 | — |
our solar power businessWord for word“Sunnova Energy International, Inc. ("Sunnova"), a leading national residential solar company, to which during 2021, we sold our solar power business in return for equity.” 10-K for 2023 | divestiture | 2021 | in return for equity |
Rialto investment and asset management platformWord for word“As part of the sale of the Rialto investment and asset management platform, we retained the right to receive a portion of payments with regard to carried interests if certain funds meet specified performance thresholds.” 10-K for 2023 | divestiture | — | — |
Rausch Coleman HomesWord for word“During the fourth quarter of 2024, we entered into a definitive agreement to purchase Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas.” 10-K for 2024 | agreed acquisition | During the fourth quarter of 2024 | — |
solar power businessWord for word“• Sunnova Energy International, Inc. ("Sunnova"), a leading national residential solar company, to which during 2021, we sold our solar power business in return for equity.” 10-K for 2024 | divestiture | during 2021 | — |
Quarterra Group, IncWord for word“In December 2025, we sold a majority interest in Quarterra Group, Inc ("Quarterra"), a subsidiary of our Multifamily segment, to TPG Real Estate (“TPG”), thus retaining a minority interest.” 10-K for 2025 | divestiture | December 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-11-30 | $725,000 |
| 2017-11-30 | $604.4 million |
| 2018-11-30 | $1.08 billion |
| 2019-11-30 | $0 |
| 2020-11-30 | $0 |
| 2023-11-30 | $0 |
| 2024-11-30 | $0 |
| 2025-11-30 | $254.5 million |
Deal filings since 2016
- 2025-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-02-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-02-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Lennar’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-01-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.