Lennar completes exchange offer for Millrose Properties shares

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Go back to Lennar completes exchange offer for Millrose Properties shares

Millrose Properties, Inc. Comments on Completion of Lennar Exchange Offer

December 1, 2025 8:30 AM EST

MIAMI--(BUSINESS WIRE)-- Millrose Properties, Inc. (NYSE: MRP) ("Millrose" or the "Company") today issued the following statement in connection with the completion of Lennar Corporation's (NYSE: LEN and LEN.B) (Lennar) previously disclosed offer to exchange shares of Millrose Class A common stock for shares of Lennar Class A common stock.

"The completion of this exchange represents an important milestone in Millrose's evolution as an independent public company, further diversifying our shareholder base and increasing liquidity in our stock, said Darren Richman, Chief Executive Officer and President of Millrose. The significant oversubscription demonstrates strong... More