M&A Deal Summary

Lennar Acquires WCI Communities

On September 22, 2016, Lennar acquired real estate company WCI Communities for 809M USD

Acquisition Highlights
  • This is Lennar’s 2nd transaction in the Real Estate sector.
  • This is Lennar’s 2nd largest (disclosed) transaction.
  • This is Lennar’s 13th transaction in the United States.
  • This is Lennar’s 3rd transaction in Florida.

M&A Deal Summary
Date 2016-09-22
Target WCI Communities
Sector Real Estate
Buyer(s) Lennar
Deal Type Add-on Acquisition
Deal Value 809M USD
Advisor(s) Credit Suisse Investment Banking
Citigroup Investment Banking (Financial)
Latham & Watkins (Legal)

Target

WCI Communities

Bonita Springs, Florida, United States
WCI Communities, Inc. is a lifestyle community developer and luxury homebuilder of single and multi-family homes, including luxury high-rise tower units, in most of coastal Florida's highest growth and largest markets.

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Buyer(S) 1

Buyer

Lennar

Miami, Florida, United States
Category Company
Founded 1954
Sector Construction
Employees12,284
Revenue 34.2B USD (2023)
DESCRIPTION
Lennar's corporate headquarters in Miami, Florida.
Lennar's corporate headquarters in Miami, Florida.

Lennar is a homebuilder with operations across the US. Lennar builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar was founded in 1954 and is based in Miami, Florida.

DEAL STATS #
Overall 13 of 16
Sector (Real Estate) 2 of 3
Type (Add-on Acquisition) 13 of 16
State (Florida) 3 of 3
Country (United States) 13 of 16
Year (2016) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-06 Barker Coleman Communities

Reno, Nevada, United States

Barker Coleman Communities is a provider of design appointment for all of our new home buyers. Barker Coleman Communities home is the ability to make numerous personal selections to customize your home to your own tastes and desires.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 CalAtlantic Homes

Irvine, California, United States

CalAtlantic Group, Inc. is a combination of Standard Pacific Corp. and Ryland Group, Inc., two US-based homebuilders. CalAtlantic builds homes in designed communities from entry level to luxury properties. CalAtlantic Group, Inc. was originally established in 1965 and is headquartered in Irvine, California.

Buy $9.3B
Mergr

Product

Company

Legal