Lennar Multifamily, a real estate investment unit of
), in partnership with Resmark Apartment Living recently unveiled
a luxury apartment project at Tempe Town Lake, Ariz.
The apartment located south of the Tempe Center for the Arts on
Rio Salado Parkway will have 328 units.
The project accommodates five story buildings. The residents will
have easy access to two swimming pools, seating areas, fitness
center, club house and shopping, dining and entertainment centers
such as the Mill Avenue District and Tempe Marketplace.
The residents can also choose from various types of apartments
ranging from studio to three bedrooms. The homes are provided
with plank wood flooring with excellent finishing, cabinetry,
granite or quartz countertops, and stainless steel
appliances. The residents will also be able to enjoy easy
access to downtown Tempe, metro Phoenix and the Sky Harbor
Lennar strategically focuses on acquiring new home sites that
would boost both margins and earnings. The company focuses on
higher-margin well-positioned communities. The company's solid
land position places it well to meet growing demand, thus giving
it a competitive edge over its peers. The company has enough land
to meet requirements till 2014 and is now pursuing land
opportunities for 2015 and beyond.
Lennar carries a Zacks Rank #1 (Strong Buy).
D R HORTON INC (DHI): Free Stock Analysis
LENNAR CORP -A (LEN): Free Stock Analysis
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RYLAND GRP INC (RYL): Free Stock Analysis
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Other stocks in the homebuilding sector that are performing well
and deserve a mention include
D. R. Horton Inc.
Ryland Group Inc.
), both carrying a Zacks Rank #1 (Strong Buy), and
MDC Holdings Inc.
) carrying a Zacks Rank #2 (Buy).