Real Estate Rumors: Lennar, Dwight Capital, El-Ad



Law360 (Jun 28, 2021, 5:13 pm ET) – Lennar Homes has acquired 62.6 acres of land in Lake Worth, Florida for $ 4.9 million, the South Florida Business Journal reported Monday. The deal concerns a 163.6-acre portion of the Fountains Country Club, and the seller is an organization run by Florida investor Michael McCarthy. The McCarthy-controlled company recently bought 62.6 acres from a company run by Californian investor Peter Nanula and subsequently sold the property to Lennar, according to the report. Lennar is reportedly planning to build townhouses here.

Dwight Capital has provided the US Department of Housing with about $ 35 million …

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