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Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard Miller, who later became the namesake of the Miller School of Medicine at the University of Miami, a 23-year-old entrepreneur that owned 42 lots in Miami-Dade County, Florida, invested $10,000 and partnered with the company.
Standard Pacific was incorporated in 1961 by Arthur Svendsen and Ronald Foell, and began construction of its first subdivision in 1965. [3] Operations expanded to include San Diego in 1969, [4] Texas in 1978, [5] Arizona in 1998, Colorado in 2000, and Florida in 2002.
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In July 2013, the company acquired Cornell Homes, one of the largest private homebuilders in the Philadelphia market. [7] In October 2015, the company merged with Standard Pacific Homes to form CalAtlantic Homes. [8] CalAtlantic was acquired by Lennar in 2018. [9]
The company was founded in 1978 by Donald R. Horton. [6] Horton took the company public in 1992, and as of 2020 owned about 6% of the company. [7] In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. [8]
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In 2001, Pulte Homes, Inc acquired Del E. Webb Construction Company, founded by Del Webb, for $1.8 billion. [11] In 2003, the company acquired Sivage-Thomas Homes. [12] In 2009, the company acquired Centex for $1.3 billion in stock. [13] [14] In August 2014, the company acquired the real-estate assets of Dominion Homes for $82 million. [15]
Three years later, "Poe's heirs sold their interest in Stevenson Ranch to Florida-based home builder Lennar Corp. — which gained a controlling interest in Newhall Land a few years later." [4] By 1996, 1,500 homes were built in the community and it continued to grow until the mid-2000s. Poe Parkway, in Stevenson Ranch, with eventual plans to ...
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