Lennar Subsidiary Makes SEC Filing Regarding Planned Spin-Off

Core Viewpoint - Lennar Corporation is planning a spin-off of its subsidiary Millrose Properties, Inc., which will involve the contribution of land and cash to Millrose and a distribution of Millrose's stock to Lennar's shareholders, pending final approval from the Lennar Board of Directors and customary conditions [1]. Group 1: Spin-Off Details - Millrose Properties, Inc. has filed a registration statement with the SEC under the Securities Act of 1933 on Form S-11 for the planned spin-off [1][2]. - The registration statement has not yet become effective, and the securities related to Millrose cannot be sold or offered until it is effective [5]. Group 2: Millrose's Business Operations - Post spin-off, Millrose will operate as an independent, publicly traded company focusing on land purchases, horizontal development, and homesite option purchase arrangements for Lennar and potentially other homebuilders and developers [3]. Group 3: Lennar Corporation Overview - Lennar Corporation, established in 1954, is a leading builder of quality homes across various segments, including affordable, move-up, and active adult homes [4]. - The company also provides mortgage financing and title services primarily for its homebuyers and engages in multifamily rental property development [4].