CHARLOTTE, N.C., April 25, 2017 /PRNewswire/ -- LMC, a
wholly-owned subsidiary of Lennar (NYSE: LEN, and LEN.B), and a
leader in apartment development and operations, today announced
that it was named as the nation's third largest developer of
multifamily housing in 2016 by the National Multifamily Housing
Council (or "NMHC").
LMC started 6,244 apartment homes in 2016 to earn the number
three ranking on NMHC's Apartment Developers List. The
five-year old company has ranked in the Top 10 developers for the
last three years, increasing from sixth place in 2015 with 4,565
starts. Additionally, for the first time, LMC also appeared on
NMHC's list of largest general contractors of multifamily housing,
ranking number nine in the nation. LMC earned this position
by being the general contractor for approximately 50% of its 2016
starts.
Todd Farrell, President of LMC,
said "We are truly honored to be included among such an esteemed
group and thankful for our amazing associates who have enabled us
to grow. Our focus, regardless of quantity, will be to develop
quality apartment homes that residents are proud to call home. We
look forward to a solid 2017 as apartment demand continues to
outpace growth."
The NMHC has become the authoritative rankings in the
multifamily industry, ranking such categories as: the nation's 50
largest apartment owners, 50 largest apartment managers, 25 largest
apartment developers, 25 largest general contractors and 10 largest
apartment syndicators.
About LMC
LMC, a wholly-owned subsidiary of Lennar
(NYSE:LEN, and LEN.B), is a multifamily real estate development and
operating company with a diverse portfolio of institutional quality
multifamily rental communities across the US. LMC has a
~23,000-unit pipeline of communities ranging from operating to
under development that is approaching $8
billion and consists of high-rise, mid-rise and garden
apartments.
LMC creates extraordinary communities where people can live
remarkably.
www.LiveLMC.com
Media
Contact
Lindsey
Bernhardt
LinnellTaylor
Marketing
303-682-3941
lindsey@linnelltaylor.com
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SOURCE LMC