Business Segments · Investments in Unconsolidated VIEs
Multifamily — Investments in Unconsolidated VIEs
Lennar Multifamily — Investments in Unconsolidated VIEs increased by 125.8% to $379.06M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 223.8%, from $117.08M to $379.06M. Over 3 years (FY 2022 to FY 2025), Multifamily — Investments in Unconsolidated VIEs shows a downward trend with a -36.2% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ1 2026
Rolls up toAssets Net
How to read this metric
An increase indicates a strategy of leveraging external capital and sharing risk, while a decrease suggests a shift toward more direct ownership.
Detailed definition
The company's financial stake in Variable Interest Entities (VIEs) where it does not have a controlling interest but mai...
Peer comparison
Comparable to 'investments in unconsolidated affiliates' or 'equity method investments' in financial reporting.
Metric ID:
len_segment_multifamily_investments_in_unconsolidated_viesHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $624.44M | $611.68M | $579.39M | $575.67M | $566.62M | $572.49M | $607.48M | $384.54M | $393.09M | $392.90M | $384.72M | $388.11M | $130.45M | $132.90M | $136.16M | $117.08M | $156.43M | $161.01M | $167.87M | $379.06M |
| QoQ Change | — | -2.0% | -5.3% | -0.6% | -1.6% | +1.0% | +6.1% | -36.7% | +2.2% | -0.0% | -2.1% | +0.9% | -66.4% | +1.9% | +2.5% | -14.0% | +33.6% | +2.9% | +4.3% | +125.8% |
| YoY Change | — | — | — | — | -9.3% | -6.4% | +4.8% | -33.2% | -30.6% | -31.4% | -36.7% | +0.9% | -66.8% | -66.2% | -64.6% | -69.8% | +19.9% | +21.2% | +23.3% | +223.8% |
Range$117.08M – $624.44M
CAGR-10.0%
Avg YoY Growth-7.6%
Median YoY Growth-19.9%
Current Streak4 quarters growth
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Frequently Asked Questions
- What is Lennar's multifamily — investments in unconsolidated vies?
- Lennar (LEN) reported multifamily — investments in unconsolidated vies of $379.06M in Q4 2025.
- How has Lennar's multifamily — investments in unconsolidated vies changed year-over-year?
- Lennar's multifamily — investments in unconsolidated vies increased by 223.8% year-over-year, from $117.08M to $379.06M.
- What is the long-term trend for Lennar's multifamily — investments in unconsolidated vies?
- Over 3 years (2022 to 2025), Lennar's multifamily — investments in unconsolidated vies has grown at a -36.2% compound annual growth rate (CAGR), from $2.32B to $602.39M.
- What does multifamily — investments in unconsolidated vies mean?
- The amount of money invested in multifamily projects managed through partnerships where Lennar is not the sole owner.