Lennar Announces Entry Into The Pacific Northwest, In Both The Seattle And Portland Markets

Lennar Corporation announced today the company is expanding its homebuilding operations into the Pacific Northwest, in both the Seattle and Portland markets. Lennar acquired control of approximately 650 finished homesites in 20 communities, for an undisclosed price, from Seattle-based Premier Communities. A privately-held company led by Ryan McGowan, Premier Communities has delivered more than 1,600 homes in the Seattle area since 1998. Mr. McGowan will be responsible for Lennar’s operations in Seattle. Lennar’s start-up operations in Portland are being led by Ryan Selby, a 22-year Portland homebuilding veteran. Under Mr. Selby’s leadership, Lennar has been able to purchase primarily distressed finished homesites in 11 communities. Homes to be built by Lennar in the Portland area will be focused on first-time, move-up, active adult and luxury homebuyers. Jon Jaffe, Chief Operating Officer for Lennar, stated “We are excited to be bringing our Lennar Everything’s Included Homes to the Pacific Northwest. We have been evaluating the Seattle and Portland markets for more than a decade and believe that this is a perfect time to enter the market with the right opportunity.” With this move, Lennar now has homebuilding operations in 18 states and 44 markets across the nation. [Click here for more information on Lennar’s entry into the Pacific Northwest]