Le Lézard
Classified in: Business
Subject: SVY

LMC No. 8 on NMHC's Top 50 Developers List


CHARLOTTE, N.C., April 19, 2021 /PRNewswire/ -- LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced it has been recognized as the eighth-largest developer of multifamily housing, according to the National Multifamily Housing Council's 2021 Top 50 Developers list.

This marks the seventh consecutive year LMC has finished in the Top 10 of the prestigious developers list. Despite the pandemic, LMC started 3,646 apartment homes in 2020, following a record year for the company in 2019 when it started 6,726 new homes. LMC was also recognized on NMHC's Top 25 Builders 2021 list at No. 15.

"It is an honor to once again be recognized as one of the top developers and builders in the country, and this distinction is a direct reflection of the unyielding and innovative efforts of our incredible team members throughout a challenging year," said Todd Farrell, president of LMC. "Our commitment to developing and building top-quality apartment homes never wavered and the recognition from NMHC, alongside our most respected peers in the industry, is a testament to our resolve and dedication as a company."

LMC made a fifth straight appearance on the Top 25 Builders list. As a general contractor, LMC started 3,348 homes in 2020 amid the global health crisis, marking only a slight decline from the company's highest-ever building year in 2019. 

The NMHC Top 50 is a collection of the National Multifamily Housing Council's authoritative rankings of the nation's 50 largest apartment developers, 50 largest apartment owners, 50 largest apartment managers, 25 largest builders and 10 largest syndicators. NMHC began its annual rankings of developers and builders/general contractors in 2015.

The communities on which LMC broke ground in 2020 include Residences at Kierland (Scottsdale, Ariz.), The Emery (Emeryville, Calif.), Cormac (Charleston, S.C.), Spectra (Seattle), Artem (Miami), 360 Acoma (Denver), Emblem at Grayson (Atlanta), Towne (Nashville, Tenn.), and Winslow (San Diego).

About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE: LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 31,800-unit pipeline of communities ranging from operating to under pre-development that exceeds $12 billion of high-rise, mid-rise and garden apartments.

LMC creates extraordinary communities where people can live remarkably.

www.LiveLMC.com

Media Contact                                                              
Marlena DeFalco
LinnellTaylor Marketing                                            
303-682-3943                                                 
marlena@linnelltaylor.com                 

 

SOURCE LMC


These press releases may also interest you

at 06:25
The Vietnam Dairy Products Joint Stock Company (Vinamilk) recorded an impressive performance in 2020 despite the challenges brought along by the COVID-19 pandemic. With revenue of $2.6 billion in 2020, an increase of 5.9% year-on-year, Vinamilk has...

at 06:08
Guru Capital is pleased to announce an agreement has been reached today for the acquisition of substantially all the assets of UK based Fintech company Oval Money Ltd, which will be acquired by and integrated into the UK based online CFD Broker ETX...

at 06:00
TILT Holdings Inc. ("TILT" or the "Company") , a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, announced that current President Gary Santo...

at 06:00
via InvestorWire -- Hunter Technology Corp. ("Hunter" or the "Company"), a developer of digital marketplaces for global energy trading, today announced that it will conduct a webcast to discuss the company strategy, product status and roadmap on...

at 06:00
Eden Empire Inc. (the "Company" or "EDENTM") is pleased to announce that it has closed the final tranches (the "Final Tranches") of its previously announced private placement (the "Private Placement") and, accordingly, the Private Placement is now...

at 06:00
Wirex, a leading digital payments platform, has appointed Jenny Kong as the new Global Head of Marketing, where she'll manage the Marketing team from New Zealand. The news follows her work co-founding the successful 'Rising Women in Crypto Power...



News published on 19 april 2021 at 10:55 and distributed by: