Dealing with Distress Head On, Lennar Turning a Healthy Profit

With the housing markets in distress, Miami-based homebuilder Lennar Corp. has proved correct the old adage that when life deals you a bunch of lemons, make lemonade. Lennar's real estate investment management company focused on distressed real estate asset management and workouts, Rialto Capital, contributed $57.3 million in operating earnings to the company last year. That profit came on ...

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