{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-022309","form_type":"8-K","ticker":"LEN","cik":"0000920760","company_name":"LENNAR CORP /NEW/","filed_at":"2025-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.810842+00:00","generated_at":"2026-05-27T01:17:19.169055+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Lennar completes spin-off of Millrose Properties; distributes 80% of shares","bullets":["Distribution: 1 Millrose share for every 2 Lennar shares; Millrose now trades on NYSE under MRP.","Lennar retains 33.2M Millrose shares (20%) for future disposal via spin-off, split-off, or sale.","Millrose received $5.5B in land assets and $1.0B cash from Lennar; book equity ~$5.8B as of Dec 31, 2024.","Millrose intends to elect REIT status; externally managed by Kennedy Lewis affiliate of $25B AUM firm.","Spin-off accelerates Lennar's land-light strategy: controlled homesites rose to 82% in 2024 from 19% in 2013."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-022309","json":"https://secwatch.observer/filing/0001193125-25-022309.json","markdown":"https://secwatch.observer/filing/0001193125-25-022309.md","text":"https://secwatch.observer/filing/0001193125-25-022309.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/920760/000119312525022309/0001193125-25-022309-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920760/000119312525022309/d933374d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T01:17:19.169055+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}