Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
675,558+7,403
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.75%-0.01
InvestmentsPolitics & MoneyReal Estate

Lennar to sell Rialto investment business to Stone Point Capital for $340 million

Stone Point to purchase Rialto Investment and Asset Management business

Homebuilder Lennar announced it has agreed to sell its Rialto Investment and Asset Management business to Stone Point Capital for $340 million.

Lennar explained in a press release announcing the sale that it will retain Rialto Mortgage Finance and expects to move that business into the homebuilder’s financial services business at the beginning of 2019, according to the company’s press release.

The news of the sale is not surprising. Rumors about Lennar offloading Rialto to Stone Point surfaced in early October.

The homebuilder said that it will also retain its fund investments and carried interests in various Rialto funds, and its investments in other legacy Rialto balance sheet assets.

The deal, announced late Monday, is scheduled to close on Nov. 30, pending required approvals.

Most Popular Articles

Latest Articles

Freddie Mac’s Donna Spencer on their Servicing Excellence initiative 

On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please