Millrose Properties CEO on Modern Land Banking & Capital Efficiency

Millrose Properties CEO on Modern Land Banking & Capital Efficiency

Author: Nareit November 13, 2025 Duration: 19:42
Darren Richman, CEO of Millrose Properties, Inc. (NYSE: MRP), joined the REIT Report podcast to discuss the land banking business model and how the REIT works with major home builders to improve capital efficiency. Millrose was spun off from home builder Lennar Corp. in February, allowing Lennar to focus on the consumer-facing aspect of its business by transferring the land development side to Millrose. The REIT works with Lennar and 11 other homebuilders. “The more modern form of land bankin...

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Author: Language: en-us Episodes: 100

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