Lennar and LNR sold 34% interest in Land Source Communities to CalPERS for $970,000. Lennar retained 32% stake in Newhall Ranch with rights to the first option to purchase land owned by the mutual partnership.
Lennar and LNR sold 34% interest in Land Source Communities to CalPERS for $970,000. Lennar retained 32% stake in Newhall Ranch with rights to the first option to purchase land owned by the mutual partnership.