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The nation’s largest homebuilder continues to expand its presence in Pennsylvania, New Jersey and Delaware.
Hamilton, NJ – Lennar Corporation (NYSE: LEN and LEN.B) has completed the acquisition of Mignatti Companies™, a third-generation builder based in Huntingdon Valley, PA. This acquisition totaled four communities in Southeastern Pennsylvania. This is Lennar’s third acquisition in less than three years for its Lennar PA NJ DE division.
“This recent acquisition has enabled us to grow even further throughout Bucks and Montgomery Counties,” said Anthony Mignone, President of Lennar’s Tri-State Division. “It really is a tremendous accomplishment and we are fully committed to building quality homes in outstanding communities throughout the Pennsylvania, New Jersey and Delaware region.”
The Mignatti Companies™ acquisition included properties that were located at Berkley Place in Harleysville, PA; Edgewater in Quakertown, PA; Fortuna Crossing in Lansdale, PA, and Waterside in Bensalem, PA.
Berkley Place is an exclusive new twin home neighborhood located on a cul-de-sac in Montgomery County. This community features thoughtfully designed homes on oversized home sites with three- to four-bedroom floor plans.
Edgewater by Lennar, situated right on the water’s edge in Richland Township, features 40 thoughtfully designed townhomes with three- to four-bedroom floorplans and two-car garages in the highly acclaimed Quakertown School District.
A commuter’s delight, Fortuna Crossing is a 59-home community located just steps from the Fortuna train station and minutes from downtown Lansdale. It is also in close proximity to the PA Turnpike, Interstate 476, Route 309 and Route 202.
Waterside by Lennar is a new waterfront townhome community on the banks of the Delaware River. Located a half-mile from SEPTA/Amtrak regional rail, Waterside offers luxurious townhome floorplans, an eight-acre riverfront park and a unique lifestyle opportunity.
“These properties were in various stages of construction during the acquisition process,” continued Mignone. “We ensured that construction continued according to plan, and the process was as seamless as possible for everyone involved.”
Last year, Lennar acquired Kokes Family Homebuilders, a third-generation builder of 55+ communities in the Central New Jersey area. This acquisition totaled 476 home sites in Monmouth and Ocean Counties. Prior to that, in December 2015, Lennar ventured into the Pennsylvania and New York homebuilding markets through the acquisition of more than 450 homes and buildable home sites from Orleans Homes. This acquisition included properties that were located within single-family residences and townhouses in Glen Mills, Yardley and Blue Bell, P.A.; Medford, Moorestown and Jackson, N.J.; and Wallkill, N.Y.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation’s largest builders of quality homes for all generations. The Company builds first time, move-up and active adult communities under the Lennar brand name. Universal American Mortgage Company and North American Title provide mortgage financing, title insurance and closing services for both buyers of the Company’s homes and others. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about the Company may be obtained at the “Investor Relations” section of the Company’s website, http://www.lennar.com.
With interest rates rising, there’s never been a better time to discover Lennar’s Next Gen® – The Home Within a Home®. With one shared mortgage, there’s no need to pay a secondary rent or elderly housing costs. Your family can enjoy cost savings and more opportunities for special family moments. Candace Jackson reports on the benefits of this “new American dream home” in a recent article for The New York Times.
A decade ago, a dream home was designed to wow your friends and neighbors. Today, it’s designed to house your relatives. Or your Airbnb guests. And also be your workplace. Homebuilders say one of the biggest selling points in 2018 isn’t a three-car garage or a grand entryway — it’s a home with flexibility.
Now, even as many housing markets have roared back from the bust to boom again, the American dream home is one you never have to leave.
Lennar, the nation’s largest homebuilder, is developing more than 300 of the homes in the master-planned community near the Ghost Mall. One of the most popular models? A home-within-a-home concept called Next Gen — basically a house that has an attached one-bedroom suite with an adjoining hotel-room-style door that can open to the main house, but it doesn’t have to.
A saleswoman gave me a tour of a $570,000, three-bedroom “Spanish eclectic”-style Next Gen model. Inside the apartment-like suite, there was a mini version of the main house’s kitchen, minus the huge island but with the same quartz countertops, on-trend gray cabinetry and bold geometric cube tile backsplash. A marketing flyer framed on the small kitchen table touted the potential: “Home office, separate teen suite or a returning college student’s private pad.” Later, she pointed out a two-story home about a block away that recently sold and told me that the buyers moved into it with their aging parents. “It’s whatever you want it to be!” she said.
With big open rooms, stylish furniture and a walk-in closet off the master bedroom strategically staged with just a handful of purple and gray garments neatly draped on hangers, I knew I was in a nice house — maybe even someone’s dream house. But the dream was tempered. The sales pitch seemed to take into account a new economic reality.
The new emphasis on home flexibility means some once-standard rooms are disappearing. Most of the model homes I toured that day in Elk Grove did not have formal living rooms or dining rooms, floor-plan staples in new homes for at least a hundred years. That’s not unusual. Lennar and other homebuilders say their most popular models today have “great rooms” that combine both, often with smaller total square footage.
Lennar introduced its Next Gen concept in 2011, during the depths of the recession. Mr. Jaffe said it was a way to generate interest when the market was slow and buyers needed new ways to help finance their mortgages. It has since become one of the company’s most popular home designs. The number of Next Gen homes built grew 21 percent in 2017 from the prior year, to nearly 1,500 homes, according to Lennar’s latest earnings statement.
Mr. Jaffe cheerfully talked me through some of the thoughtful design features of Next Gen homes. He even got a bit wistful, telling me how he’d heard from buyers about family dinners with grown children and grandparents being around for milestones like a baby’s first steps. His tone turned matter-of-fact when he got to the somewhat grim economic reality that partly prompted this. “The thing it addressed that is still relevant today is having two homes under one mortgage,” he said.
Read the full article via The New York Times
BABCOCK RANCH, Fla., Oct. 5, 2018 /PRNewswire/ — Lennar (NYSE: LEN and LEN.B), the nation’s leading homebuilder, today announced plans to develop Babcock National, a stunning new golf and country club community in the premiere master-planned community of Babcock Ranch. Situated on the northeast side of Founders Square across Lake Babcock, the new Babcock National will boast a breathtaking location combined with a wide array of home designs and luxurious on-site amenities. Sales are anticipated to begin in the first quarter of 2019.
“Babcock Ranch is one of the most highly-sought-after master-planned communities in Southwest Florida and we are delighted to partner with Babcock Ranch to create an unparalleled lifestyle,” said David Meyers, Southwest FloridaDirector of Operations for Lennar. “The golf course and resort-style amenities will combine Babcock Ranch’s vision with Lennar’s expertise in creating an upscale, highly-amenitized lifestyle – all while complementing the existing architecture and green building designs that the master-planned community has become known for.”
Residents will enjoy an extraordinary lifestyle with a sophisticated array of amenities including an 18-hole golf course designed by Gordon Lewis, a resort-style pool with waterfall, a state-of the-art fitness center with sauna, a tennis center and a community clubhouse that embodies a country coastal design aesthetic.
Babcock National will feature over 18 home designs to choose from. The community will offer a mix of multi-family and single-family homes including terrace condominiums, veranda condominiums, luxury coach homes, executive homes and estate-style designs. All of the floor plans will incorporate innovative design details and Lennar’s signature Everything’s Included® program which provides customers with a high level of standard features already included in the price of the homes. Features include quartz countertops, stainless steel appliances, designer-style cabinetry and Wi-Fi CERTIFIED™ home designs. Pricing starts in the $200,000s.
Lennar previously introduced Trail’s Edge within Babcock Ranch. Trail’s Edge offers distinctive villa, executive and manor homes with one- and two-story designs and two- and three-car garages.
To sign up for the Babcock National interest and receive VIP updates, visit www.babcocknational.com.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s multifamily segment is a nationwide developer of high-quality multifamily rental properties. For more information about Lennar, please visit www.lennar.com.
With the acquisition of Open Listings, Opendoor continues to simplify the home buying and moving process, providing shoppers with a streamlined platform that “radically improves how people discover, search, visit, offer, and close on the home of their dreams.” Learn more about this exciting acquisition in the recent Opendoor blog post below.
Four years ago, we first shared our vision to empower millions of people with the freedom to move. We knew that moving from one home to another is unnecessarily complicated, that the hassle of selling a home is often an impediment to moving, and that the vast majority of people don’t have the financial means to carry two mortgages at the same time.
While moving should be an exciting moment filled with promise and possibility, the reality is that it’s emotionally grinding and fraught with uncertainty, hassle, and stress. So in 2014, we founded Opendoor to change the status quo and completely rethink one of the most important events in people’s lives.
Fast-forward to today, and Opendoor has helped tens of thousands of individuals and families sell their homes. Whether needing an extra bedroom for a growing family, moving for a new job, or being closer to loved ones — we’re helping people move on to what’s next in their lives. While selling a home has been the core of Opendoor, we’ve always known that selling was only half the equation.
Today, we’ve announced the acquisition of Open Listings, a platform that simplifies home buying. Open Listings has built a great experience that radically improves how people discover, search, visit, offer, and close on the home of their dreams — all from a mobile phone. Beyond the serendipity of our “Open” company names, we both believe that redefining real estate involves giving people certainty, convenience and control.
This feels like the perfect marriage. We’ve spent the past four years transforming how people can sell a home — and Open Listings has spent the past four years doing the same for home buying. Together, we’ll make the entire moving process simple and seamless.
Continue Reading: Opening a new door for our customers
Thornton, Colo. – September 2018 – Mark your calendar and save the date because you’re invited to tour the brand-new models at the Grand Opening of Lennar’s Paired Homes at Fallbrook Farms on Saturday, September 8th from 10 a.m. to 6 p.m. and Sunday, September 9th from 11 a.m. to 6 p.m. Bring the whole family to this exciting event with complimentary eats provided by Biker Jim’s Gourmet Dogs and High Point Creamery Ice Cream between 12 to 2 p.m. on both days, as well as treats and face painting for the little ones. Come out and tour the stunning new models and find a home that’s right for you in this exceptional community set within an amenity-rich masterplan.
“We’re very excited to be Grand Opening new models at Fallbrook Farms showcasing a thoughtful collection of home designs that make the most out of the living space available in each new home, plus added value with our Everything’s Included® program,” said Carrie Castilian, Director of Marketing for Lennar Colorado. “Fallbrook Farms enjoys a prime location that provides residents with the best of both worlds: it is surrounded by serene and natural beauty, but with easy access to everyday needs and a short drive to major cities.”
The Paired Homes at Fallbrook Farms offers three distinct floorplans to choose from ranging in size from approximately 1,305 to 1,806 square feet including two to three bedrooms, two and one-half bathrooms and two-car garages – starting from the high $300,000s. These two-story floorplans are designed for the modern buyer and offer open-concept living spaces, upscale kitchens, sophisticated master suites and outdoor living spaces. For added value, Lennar’s signature Everything’s Included® program outfits each new home popular upgrades and features, including smart home technology, stainless steel appliances, granite countertops, beautiful kitchen cabinetry and so much more—all at no additional cost.
Situated within a masterplan, residents will enjoy top-rated amenities right inside their neighborhood including on-site parks, open space and trail system. The setting is inviting and encourages residents to get out and enjoy the beautiful views of open space, mature Cottonwood trees and mountains. Perfect for families, Fallbrook Farms boasts the highly-rated Adams 12 Five Star Schools. Less than five miles away is the The Orchard Town Center with dozens of options for shopping, entertainment, dining and more. For commuters, the I-25 and E-470 is nearby.
Prospective homeshoppers are encouraged to attend the Grand Opening event and discover their dream home. Fallbrook Farms is located at 14103 Jackson St. in Thornton. For more information, visit www.lennar.com/colorado or call 720-619-0196.
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Seattle, Wash. – September 2018 – Masterplanned communities are growing in popularity all across the nation, and for good reason! They offer a handful of benefits that meet family-focused needs. From thoughtfully-planned neighborhoods of new homes, to beautifully groomed public area and exclusive recreational facilities—masterplanned communities provide a well-designed lifestyle. Lennar Seattle is thrilled to offer new homes for sale in two popular masterplans: Ten Trails in Black Diamond and Tehaleh in Bonney Lake.
With a focus on curated social events, the opportunity to purchase a new Lennar home in a masterplan provides you with the chance to live among new neighbors and build the community culture together from the ground up. The amenity centers and shared spaces become the backdrop for regular events, celebrations, activity and relaxation. Places to make memories with friends and families you can enjoy for years to come.
At Ten Trails in Black Diamond, Lennar is excited to now be selling Everything’s Included® homes from their Cottage Collection and Village Collection. Ten Trails is a popular masterplan with great amenities such as parks, trails and a future 190,000-square foot retail center. Fourteen floorplans are now selling, with sizes that range approximately from 2,331 to 3,862 square feet and prices that start from the low $500,000s. Save the date for this communities official Grand Opening celebration later this month on Saturday, September 29.
Tehaleh in Bonney Lake is another popular masterplan with two new Lennar communities are now selling. Home shoppers can find options at Tehaleh at Berkeley Park and Tehaleh cottages, which are now selling at pre-model pricing. Homes from these two collection range in size from approximately 2,114 to 3,183 and homes are priced form the $300,000s. Tehaleh residents enjoy great amenities, including parks, local businesses and regular events. Tehaleh’s 6th Annual Harvest Celebration takes place on September 22 and is open to the public. Bring friends and family to enjoy hot air balloon rides, games, prizes and delicious food. It’s the perfect opportunity to explore life at this masterplan.
Every new Lennar home comes with a high-level of features and upgrades as standard. The homebuilder’s signature Everything’s Included® program adds value and style through items such as stainless steel appliances, quartz countertops, designer-selected cabinetry, integrated home automation and more – all of which comes at no additional cost.
Start your search for your dream home today by visiting www.lennar.com/seattle.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Merced, Calif. – September 2018 – Lennar Central Valley is thrilled to announce the unveiling of new model homes from their coveted Skye and Chateau Series of home designs at Moraga during the Grand Opening event on Saturday, September 15, with fun activities and model home tours from 11 a.m. to 2 p.m.
“We are so excited to unveil these new models from the Skye and Chateau Series at Moraga, with four brand-new models for home shoppers to tour,” said Susan Wilke, Vice President of Sales and Marketing for Lennar Central Valley. “We’ve brought some of our most popular floorplans to this community, which provides a great opportunity for growing families to own something new.”
The Skye and Chateau Series at Moraga home shoppers nine distinctive floorplans to choose from, that range in size from approximately 1,787 to 3,167 square feet. These modern residences provide up to five bedrooms, four bathrooms and feature two-bay garages. Prices start from the upper $200,000s.
Lennar is the first homebuilder to offer Wi-Fi CERTIFIED™ home designs. Available at Moraga, these homes incorporate wireless access points that are built into the home and provide strong, consistent coverage in every single room. Pairing perfectly with Lennar’s Everything’s Included® program, which puts high-end features and upgrades in all their new homes as standard, homeowners can utilize the integrated home automation products and technology that come in their new home at no additional cost.
Lennar also offers Next Gen® – The Home Within A Home® designs at this community. Designed for multigenerational households, Next Gen® homes all come with attached private suites featuring a separate entrance, living room, bedroom, bathroom and kitchenette. It’s a popular space for aging parents, grown children, aunts, uncles or as the ultimate guest suite.
To celebrate the grand opening, Lennar will be hosting an event with giveaway family-oriented recipes to help expand family dinner nights or strengthen your hosting skills.
The event will take place at the Moraga Welcome Home Center, located at Yosemite Avenue and Via Moraga in Merced. For more information or complete directions visit www.lennar.com/fresno or call 209-268-0020.
About Lennar
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Fort Collins, Colo. – September 2018 – Discover a collection of thoughtful floorplans designed to reflect the way you live today at the Grand Opening of new Everything’s Included® models at Mosaic Paired Homes. Join Lennar for this exciting event on Saturday, September 8th from 10 a.m. to 6 p.m. and Sunday, September 9th from 11 a.m. to 6 p.m. Bring the family and enjoy complimentary eats provided by Biker Jim’s Gourmet Dogs and refreshing Kona Ice, plus treats and face painting for the little ones. This is a great opportunity to discover the home you’ve been searching for with incredible features included and set within an amenity-rich community.
“We’re very proud to be bringing our signature Everything’s Included® program to Mosaic Paired Homes, where homeshoppers will experience a better homebuying process with a high level of features already included in their home,” said Carrie Castilian, Director of Marketing for Lennar Colorado. “With 300 days of sunshine and a stunning Rocky Mountain backdrop, Mosaic Paired Homes provides residents with a carefree and low-maintenance lifestyle, so they can take advantage of the endless opportunities the surrounding area has to offer.”
Mosaic Paired Homes showcases three distinct floorplans, The Radiant, The Sparkle and The Vibrant. Choose a design that’s right for you with homes ranging in size from approximately 1,305 to 1,806 square feet including two to three bedrooms, two and one-half bathrooms and two-car garages – starting from the high $300,000s. Entertain comfortably with open living spaces that encompass the upscale kitchen, living room and dining space. Relax in the sophisticated master suite, plus thoughtful details throughout that make the most out of the living space available in your new home.
New to Mosaic is Lennar’s signature Everything’s Included® program that not only makes the homebuying experience simpler but incorporates a high level of today’s most popular features and upgrades in your home as standard. From granite or quartz countertops, upgraded and high-quality cabinets, stainless steel appliances and Lennar’s new Wi-Fi CERTIFIED™ home designs with home automation technology, all is included at no additional cost.
Set within the Mosaic masterplan, residents have access to an array of community amenities including a neighborhood pool, parks, trails, open space. Nearby residents can connect, mingle and play at a 20-acre public park that is maintained by the City of Fort Collins. Enjoying living just a short drive away from the city’s historic downtown that home to delectable local dining and unique cultural offerings, popular venues like Woodward Governor, Brewery Triangle and College Avenue and the bustling Mulberry Street. For commuters, the I-25 is only a mile away.
Prospective homeshoppers are encouraged to attend the Grand Opening event and discover their new home. Mosaic Paired Homes is located at 458 Zeppelin Way in Fort Collins. For more information, visit www.lennar.com/colorado or call 720-619-0196.
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
Tucson, Ariz. – September 2018 – Stop by today and tour the new beautiful and professionally-decorated model homes now open at Overton Reserve in Tucson. Experience better living with The Rincon and The Catalina floorplans that offer low-maintenance, single-level living with modern details throughout.
“Learn how you can elevate your lifestyle at Overton Reserve with new single-family homes complete with a high level of Everything’s Included® features now including home automation technology and our new Wi-Fi CERTIFIED™ home designs,” said Tom Gansheimer, Division President for Lennar. “This sophisticated community is suitable for families of every type and offers a great opportunity to own a brand-new home in a fantastic Tucson location.”
The Rincon model offers approximately 2,279 square feet of living space including four bedrooms, three bathrooms, flex room and two-bay garage. Entertaining friends and family is easy with a spacious main living area that through an open layout connects the kitchen, great room and dining space. Plus, off the great room is a covered patio that provides outdoor entertaining space with an optional walk deck. Fall in love with an enviable master bedroom with luxurious bathroom with dual vanities, linen space and large walk-in closet. Find enough space for the whole family with three secondary bedrooms, two full-sized bathrooms with one featuring dual vanities plus a flex room with endless possibilities.
The Catalina model offers approximately 2,587 square feet of living space including four bedrooms, two and one-half bathrooms and three-bay garage. Past the covered porch is the welcoming foyer that flows right into the hub of the home: a space where the great room, dining room and kitchen with large center island merge effortlessly through an open layout, plus a covered patio off the great room offers additional living space outdoors. The master suite is elegant and boasts a spa-inspired master bathroom with tub, shower, dual vanities and two walk-in closets. The kids will love their spacious secondary bedrooms with walk-in closets, plus one full-sized bathroom with dual vanities.
Overton Reserve showcases Lennar’s Everything’s Included® program which outfits each new home with today’s most popular upgrades and features at no additional cost. Enjoy granite countertops, stainless steel appliances, home automation technology and so much more as a standard. Home automation features pair well with Lennar’s new Wi-Fi CERTIFIED™ home designs, which feature commercial strength wireless coverage in every room to deliver a more connected and modern way of living.
Prospective homeshoppers are encouraged to tour the model homes at Overton Reserve located between LaCanada Drive and Overton Road in Tucson. For more information, visit www.lennar.com/tucson or call 800-864-1055.
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.
