Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 27

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 27
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. From inception through the end of fiscal 2024, the Multifamily business has capitalized and developed 123 multifamily residential communities with approximately 36,800 rental units across 20 states throughout the United States. The communities developed by the Multifamily business include a diversified mix of conventional garden, mid-riseand high-rise multifamily properties in urban and suburban locations near major employment centers. Most communities offer residents a mix of studio, one, two, and three-bedroom homes. SINGLE-FAMILY RENTERS Through our Upward America Venture, our single-family rental housing program, we aim to make single family living accessible to broader and more diverse array of the population. Upward America offers brand-newLennar homes for rent by purchasing newly completed homes and making them available to those with the desire to experience a single-family lifestyle but are not yet able to own. Upward America’s social focus provides a unique opportunity for families and individuals across the country to live in brand-newLennar homes, at an attainable price point. Rooted in ESG principles, Upward America rents homes that are sustainability-focused, technology- driven, and built with environmentally sensitive materials designed to minimize ongoing environmental impact. ENVIRONMENT Our purchasing power enables us to include green features in our homes. Each new home we build is healthier and more energy-efficient, and has less impact on the environment than prior generations of homes as a result of features like:

| • |     | Solar power that generates clean energy: |

| – |     | nearly 13,000 solar power Lennar home deliveries in fiscal 2024 |

| – |     | over 87,000 solar power Lennar home deliveries since 2013 |

| • |     | 100% of our homes uselow-VOCpaint that reduces pollution, have programmable thermostats to help reduce energy consumption and energy-saving LED lights |

| • |     | WaterSense®faucets that reduce water flow without sacrificing performance |

| • |     | Low-Ewindows that reduce infrared and ultraviolet light coming into the home |

| • |     | Energy Star®appliances that reduce energy consumption, with at least 90% of our homes having one or more Energy Star®appliances installed |

Due to our comprehensive sustainability efforts, 21% of the homes we built in 2023 were ENERGY STAR ®certified, an increase of 3% from 2022. These homes are at least 10% more energy-efficient than homes built to code,