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Lennar’s $5.7B buy of CalAtlantic creates largest U.S. homebuilder There’s a new heavyweight in the homebuilding industry. The merger of Lennar Corporation with CalAtlantic Group in a $5.7 billion deal announced last month means the new company will be the largest homebuilder in the U.S., The Real Deal reported. Miami-based Lennar will also assume $3.6 billion of debt in the deal, making the purchase price a total of $9.3 billion. Lennar and CalAtlantic recorded revenues of more […]

Source: Real Estate

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