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Lennar sells majority stake in multifamily business, signaling strategic shift
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Lennar sells majority stake in multifamily business, signaling strategic shift
Lennar announced on Tuesday that TPG Real Estate has acquired a majority stake in Quarterra, Lennar’s multifamily vertical. Lennar will maintain a minority interest, but the deal signals a strategic recalibration as the builder’s multifamily business struggled with a sizeable net loss last year. In fiscal 2025, Lennar’s multifamily business experienced an operating loss of roughly $75 million, according to earnings reports released by the compan…
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