Lennar
Waterford and Wedgewood at Windemere in San Ramon
Lennar began in 1954, as F&R Builders, co-founded by Gene Fisher and Arnold Rosen. In 1956, Leonard Miller joined F&R by investing $10,000 and replacing Gene as Arnold's partner. Through Leonard's guidance and Arnold's attention to construction, the hallmark traits of quality, value and integrity were born. In 1970, Lennar became a public company under the corporate banner of Lennar, a combination of Leonard and Arnold's names.
Through the years, Lennar has grown to a disciplined and spirited team of associates who have fine-tuned the art of identifying and capturing opportunities to grow and become an even better company. The result is a long-proven track record of strategically timed and impeccably executed expansions into new markets. As a result, Lennar now builds homes in some of the most desirable cities and states to live in all across America, and has now become one of the most respected home builders in the nation.
Approximately 3,548 square feet, four bedrooms, three-and-a-half baths, bonus room, loft, two-car, plus tandem garage. Spacious kitchen with nook and pantry. Large family room with corner fireplace. (Photo courtesy of Lennar)
Stuart Miller, president and chief executive officer of Lennar Corporation, said, "The intense focus on the fundamentals of our home building process allowed us to achieve record results once again in fiscal 2005, as we exceeded our target and delivered a record 42,359 homes, despite the 400 to 500 deliveries delayed due to the significant disruption caused by Hurricane Wilma. Overall, we are very pleased with our performance in fiscal 2005, which resulted in strong revenue growth and a 210-basis-point increase in gross margin percentage on new home deliveries."
Mr. Miller continued, "While the industry continues to be influenced by increased regulation, we expect our home building operations to continue to benefit substantially from our access to homesites in land-constrained markets. Despite signs nationally of a more normalized level of activity with regards to sales pace and price appreciation, our capital investments in these strategic markets afford us a significant competitive advantage and allow us to be well-positioned for future success."
Waterford Home, Windemere (Photo courtesy of Lennar)
Wedgewood Home, Windemere (Photo courtesy of Lennar)
Mr. Miller concluded, "As we enter fiscal 2006, our record- level $6.9 billion backlog, strong balance sheet and strategic access to homesites position us well to achieve our previously announced fiscal 2006 earnings per share goal of $9.25."
WEDGWOOD AND WATERFORD
The Windemere development in San Ramon is a "pedestrian- friendly" community, with more than 12.5 miles of access routes that connect its schools, parks and neighborhoods.
Waterford Home, Windemere (Photo courtesy of Lennar)
Waterford is a collection of 103 luxurious Normandy, Spanish, Italianate and Monterey-style single-family home designs on 6,000- square-foot sites, while Wedgewood features Spanish, Craftsman and Tuscan styles with 3,064- to 3,548-square-foot interiors.
Windemere plans 90 acres of parks, playing fields, basketball, tennis and volleyball courts, tot-lots, gazebos and more. In addition, more than half of the total Windemere community area will be preserved as permanent open space.
April 2006 Builder Architect Edition Issue
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