Lennar Corp.’s multifamily arm closed a $1.3 billion fund that will invest in apartment projects in large U.S. cities. LMC, a subsidiary of Miami-based Lennar Corp. announced the closing of the equity fund on Tuesday. It said eight institutional investors, including foreign pensions, sovereign wealth funds, banks and insurance companies invested in the fund. Lennar also contributed $381 million to the fund. The company said the fund, known as LMV II, will develop and acquire […]
source https://therealdeal.com/national/2019/06/12/lennar-closes-1-3b-fund-to-invest-in-multifamily-projects-across-us/#new_tab
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