Warren Buffett’s Berkshire Hathaway invests nearly $800M in homebuilding giant Lennar

Miami continues to capture the attention of the world’s most influential investors. In a move that reinforces long-term confidence in South Florida’s residential market, Berkshire Hathaway, the conglomerate led by Warren Buffett, has invested nearly $800 million in Lennar, a Miami-based company known for its large-scale residential developments in areas like Homestead and Goulds, in southern Miami-Dade County.

Warren Buffett’s Berkshire Hathaway made a major investment in Lennar, purchasing more than 7 million shares for nearly $800 million during the first half of the year.

“Berkshire Hathaway purchased 5.3 million shares of Lennar for $575 million in the second quarter, after acquiring 1.8 million shares for $222 million in the first quarter,” according to a filing with the Securities and Exchange Commission (SEC).

Lennar has been particularly active in southern Miami-Dade, where a wide supply of developable land and lower land prices have enabled large-scale construction outside of Miami’s urban core. “Its most recent proposals include the 10-acre Retro West development with 106 townhomes; Rodan Estates, a 20-acre site planned for 138 single-family homes; and another 54-home community near Southwest 212th Street. Lennar also acquired three residential developments from Century Homebuilders Group for a combined $24.8 million.”

This series of strategic acquisitions and upcoming communities — now backed by one of the world’s most respected investors — affirms that Miami is not just growing, it’s building on solid ground for long-term opportunity and global capital flow.