Lennar Is in Advanced Talks to Sell Its Real-Estate Lending Unit, Rialto Capital

Wall Street Journal, Oct. 9, 2018–Craig Karmin, Laura Kusisto, Dana Mattioli (subscription)
Lennar Corp. is in advanced talks to sell its real-estate lending unit, looking to offload the business at a time when the nation’s largest home builder and its peers are struggling alongside a stagnant housing market. The Miami-based company is in discussions with the private-equity firm Stone Point Capital LLC for the sale of Rialto Capital.