Lennar defends even-flow, land banking strategy as risks build
Why this matters
Land continues to behave as the highest-conviction long-duration bet in CRE. In supply-constrained luxury markets, replacement-cost-positive entitlements remain scarce; in growth-corridor exurbs, sponsors with patient capital are accumulating positions ahead of the next residential or industrial pipeline. The trade is a basis call, not an income call, and continues to attract family-office and high-net-worth capital that can hold through the cycle.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
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Miller said nearly 50% of visitors cannot immediately qualify, as CPI ran 3.4% and the Fed lifted rates to 3.75% to 4%
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