CHARLOTTE, N.C., May 1, 2018 /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 seventh largest developer of multifamily
housing in 2017 by the National Multifamily Housing Council.
LMC started 3,742 apartment homes in 2017 to earn the
distinction on NMHC's Apartment Developers List. This marks
the fourth consecutive year that the 6-year-old company has ranked
in the Top 10 developers. In addition, LMC also appeared on NMHC's
list of largest builders of multifamily housing for the second
straight year, ranking No. 15 in the nation. LMC earned this
distinction by serving as the general contractor for nearly 70
percent of its 2017 starts.
"It's an honor to be recognized amongst such a respected group
and to be mentioned along with some of the most esteemed
multifamily companies in the nation," said Todd Farrell, president of LMC. "The growth of
our company is a direct reflection of our remarkable associates,
whose efforts have allowed us to develop amazing communities across
the nation. We look forward to continued growth in 2018."
The NMHC has become the authoritative rankings in the
multifamily industry, compiling lists for the nation's 50 largest
apartment owners, 50 largest apartment managers, 25 largest
apartment developers, 25 largest builders (formerly general
contractors) and 10 largest apartment syndicators.
About LMC
LMC, a wholly owned subsidiary of Lennar
(NYSE:LEN), 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 24,400-unit
pipeline of communities ranging from operating to under development
that exceeds $8.4 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
View original content with
multimedia:http://www.prnewswire.com/news-releases/lmc-ranked-the-seventh-largest-apartment-developer-in-us-300639764.html
SOURCE LMC