Lennar Corp. Chairman and CEO Stuart Miller said the company has hired investment banks to advise it regarding “strategic alternatives” for its subsidiary Rialto Capital Management, a sign that this division might be sold or restructured. “We are continuing to focus on a return to a pure play strategy with greater focus on properly positioning Rialto,” Miller said in the company’s first-quarter earnings release. The Miami-based homebuilder (NYSE: LEN) hired Wells Fargo Securities and…
from Real Estate Top Stories on DNAinfo - Wednesday, April 4, 2018 | 8:01am & Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com https://ift.tt/2GVFBK3
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