Lennar Corp. will sell its Rialto Investment and Asset Management to the private equity firm Stone Point Capital for $340 million. Miami-based Lennar announced the news on Monday in a release and said the sale is expected to close Nov. 30. The Wall Street Journal reported earlier this month that the homebuilder was in talks to sell its Rialto division to Greenwich, Connecticut-based Stone Point Capital. Lennar created Rialto after the recession to purchase distressed […]
source https://therealdeal.com/miami/2018/10/29/lennar-to-sell-rialto-to-stone-point-capital-for-340m/#new_tab
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