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Lennar said to seek $800 mln in funds for Rialto

Posted on 04 November 2010

From Bloomberg: Lennar Corp., the third-largest U.S. homebuilder by revenue, is seeking to raise about $800 million from private investors to add funds to its distressed real estate unit, according to three people briefed on the matter.
A first tranche of the offering is being marketed to U.S. and Canadian investors and is expected to close by the end of November, said two of the people, who asked not to be named because the discussions are private……………………………………….Full Article: Source


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