Lennar

“We've been working with Lennar, the nation's largest home builder.”

Lennar, an eight-year Salesforce customer, deployed Agentforce after a hackathon, targeting margin and revenue opportunities in home building.

“Our land banking relationships with no Rose, Angelo Gordon, Domain, Parstone, Apollo and others continue to function extremely well, providing just-in-time home site delivery in support of our manufacturing model.”

Apollo is named among Lennar's land banking counterparties providing just-in-time home site delivery, a read-through to Apollo's real-estate/land-banking capital deployment with homebuilders.

“our engagement with Opendoor and their leadership team continues to help us drive change”

Lennar cites an ongoing partnership with Opendoor supporting changes to its product offerings, customer acquisition and customer experience.

“we have now officially completed the Millrose transaction. This quarter, Lennar launched and completed the split-off exchange offer to swap our remaining 20% stake in Millrose, approximately 33.3 million shares, for outstanding Lennar shares tendered by our stockholders.”

Lennar completed the divestiture of its remaining 20% stake in land-banking spin-off Millrose via a split-off exchange offer, resulting in an ~8 million share cashless repurchase of Lennar stock.

“stating the obvious with the low cost that Millrose offers us, the more that we have deliveries from that vehicle, it's benefiting our margins.”

Millrose, Lennar's spun-off land-banking vehicle, provides low-cost land takedowns that benefit Lennar's gross margins as more deliveries flow through it.

“We are quite confident that Opendoor with its new CEO, Kaz, that's how he's referred to, will be a contributing force and partner in Lennar's technology journey and evolution.”

Lennar frames Opendoor, which it has long supported and holds a stake in, as a technology partner poised for a turnaround under its new CEO.

“Look, in the context of our Millrose spin-off, which is still fresh, and some of the ins and outs that derive from that. We're still going through some of those reconciliations, and you're seeing our numbers move around.”

Millrose Properties, spun off by Lennar earlier in 2025 as an independent land-banking company, is now an arms-length land supplier to Lennar; ongoing accounting reconciliations from the spin-off are affecting Lennar's reported cash flow.

“Finally, in July, we will execute, wish us luck, the 2-year transition of our ERP system to JD Edwards E1 system.”

Lennar is migrating its ERP system to Oracle's JD Edwards E1 platform after a 2-year transition project, a foundation for modernizing its financial platform from head office to the field.

“We are at the front end of developing a technology-driven land management system in cooperation with the team at Palantir. Our Lennar interface with Palantir is Yen Liu, who is driving that innovation.”

Lennar is building a technology-driven land-acquisition-to-homesite-delivery management system in partnership with Palantir, part of its asset-light land strategy.

“Perhaps most importantly, we are working closely with executives at Salesforce as well as our advisers at Mackenzie to evolve and design a Lennar agent force that we'll be able to quickly engage with customers in coordination with our sales team as well as independently in off hours.”

Lennar's "Machine" digital marketing platform runs on a Salesforce backbone, and Lennar is now working with Salesforce executives to build an AI "agent force" for customer engagement.

“We think about the extraordinary companies that remade their business by incorporating technology solutions into an older platform like Walmart or Home Depot. They invested heavily in their technology-enabled solutions and cemented themselves as industry leaders.”

Lennar's Executive Chairman cites Home Depot as a model for an established, physical-asset-heavy company that reinvented itself through heavy technology investment, framing Lennar's own tech-transformation strategy.

“We think about the extraordinary companies that remade their business by incorporating technology solutions into an older platform like Walmart or Home Depot. They invested heavily in their technology-enabled solutions and cemented themselves as industry leaders.”

Lennar's Executive Chairman cites Walmart as a model for an established, physical-asset-heavy company that reinvented itself through heavy technology investment, framing Lennar's own tech-transformation strategy.