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Lennar Buys Homebuilder WCI for Intellectual Property & Land

Business
Housing & Construction

This article in Builder Online provides detailed analysis of production builder Lennar Corporation’s purchase of Florida-based WCI Communities. The deal represents a 37% premium to WCI's closing share price, and gives Lennar an even more significant presence in Florida:

“The deal is all about timing, and it speaks to a masterful job of optimizing WCI's value by ceo Keith Bass and his team, as it does to an opportunistic past-mid-cycle stroke of brilliance by Lennar ceo Stuart Miller, president Rick Beckwitt, and their team…The Bonita Springs, Fla.-based WCI community development model and upmarket brand currency may also be one Lennar could port beyond the Florida market; it has had prior exposure in the Northeast and MidAtlantic markets, and may work in other geographies as well, including Texas, California, and the Northwest."

Click here to read the full article.

SBC Magazine appreciates your input, and continually seeks to improve the value it provides to the market. If you have any comments or corrections on this article, please email us and we can publish your comments.

Posted on September 26, 2016 in Business, Housing & Construction

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