LNR Partners

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Lennar Corporation, among the nation s largest homebuilders, was formed in 1997 to separate Lennar s real estate investment, finance and management business from its homebuilding business. It real estate management dates back to 1969, when the company began developing and managing commercial properties. LNR creates strategic investments in real estate and real estate related assets. The company s investment activities encompass real estate properties, real estate loans and real estate securities. LNR s objective is to sell assets when property performance and market prices are at their highest and recycle the earnings to strengthen its balance sheet for those times when others are obliged to sell. The company is headquartered in Miami Beach, Fla.