National homebuilder Lennar Corp. plans to spin off all its non-core businesses to become a pure-play homebuilder and financial services company, the company announced on Wednesday.
In an earnings call this week, Lennar executive chairman Stuart Miller said the move would maximize the technology investments made through LENx, the company’s primary investment vehicle. Those investments include the sale of SunStreet solar and stakes in insurtech firms Hippo Home Insurance and Doma (formerly known as States Title). Both companies have plans to go public through special purpose acquisition companies.
“We are conservatively estimating an economic gain in details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com