The company dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1971 Miller and Rosen changed the name to Lennar Corporation.
That year the firm became a public company via an initial public offering of $8.7 million. It became listed on the New York Stock Exchange in 1972. In 1989, Lennar originated its “Everything’s” Included program, which placed extra options on built homes as a part of the lump sum charged for the property in its entirety.
Today Lennar Corp. has reclaimed its spot as the nationÕs largest homebuilder after completing the acquisition of CalAtlantic Group in a $5.7 billion acquisition. The company is ranked 260th on the Fortune 500. The company operates in 21 states including California and Texas.