Market Overview

Lennar Debuts World's First Wi-Fi CERTIFIED™ Home Design at Obsidian at Parasol Park this Saturday, July 29


Obsidian showcases a new homebuilding approach enabling whole-home
Wi-Fi, seamless voice control, online shopping and home automation as
standard features

(NYSE:LEN), one of the nation's largest builders, will unveil
Obsidian at Parasol Park as one of the world's first communities to
include Wi-Fi
CERTIFIED smart homes
featuring integrated automation and voice
control with Amazon Alexa – all a part of Lennar's signature
Everything's Included® approach to homebuilding. Obsidian will launch
their new smart home features this weekend on Saturday, July 29, from 10
a.m. to 6 p.m. for the public to discover state-of-the-art living in a
Lennar home.

Lennar's Wi-Fi CERTIFIED Home Design™ guarantees consistent, reliable
coverage in every room of the home. This allows buyers to control a wide
range of included smart products from the most innovative and reliable
manufacturers – including Amazon, Baldwin, Honeywell, Lutron, Ring,
Ruckus, Samsung and Sonos.

at Parasol Park
offers the opportunity to live in luxury homes built
with gorgeous design details and smart home technology embedded
throughout. With three distinctive floorplans available for homeshoppers
to choose from, home sizes range approximately from 2,897 to 3,036
square feet of living space. These residences showcase beautiful open
concept living spaces, gourmet-inspired kitchens with large center
islands, outdoor covered decks, interior elevators as standard, dual
master suites and more.

During the design of Lennar Wi-Fi
homes, every floor plan undergoes a rigorous process that
includes mapping Wi-Fi signal strength and quality – taking into
consideration building materials and other factors that can affect
connectivity. That determines the placement of commercial-grade Ruckus
Unleashed access points that are built right into the home during
construction, according to demanding standards set by the Wi-Fi
Alliance, the worldwide network of companies that drives the
interoperability, adoption and evolution of Wi-Fi globally.

In addition to the significant value Lennar's signature Everything's
Included® program already offers – such as upgraded countertops and
appliances – buyers also receive a wide range of smart products from top
manufacturers that change the way they live in their new home at no
additional cost. For example:

  • Luxurious smart front-door lockset and hardware from Baldwin that
    allows secure, keyless and touch-to-open™ access at the front door.
    "There will be Baldwin Evolved electronic and traditional locks
    included on these homes, offering homeowners unmatched style,
    convenience and touch-to-open technology," said Phil Szuba, president
    of the Hardware and Home Improvement (HHI) division of Spectrum
    Brands, Inc. "By combining the highest architectural standards with
    advanced technology, we are helping homeowners unlock a whole new way
    of living."
  • Ring Video Doorbell gives homeowners a look at who's at the front door
    even when they're not home. "Ring is excited to be part of the
    revolutionary Wi-Fi
    homes designed by Lennar," said Jamie Siminoff, CEO and
    Founder of Ring. "Every home will feature Ring's Video Doorbell to
    offer residents an unmatched ability to keep tabs on what's happening
    at their front door."
  • Smart climate control to keep the home comfortable and allow
    homeowners to save on energy costs with Honeywell thermostats.
    "Customers put their trust in Honeywell to help them enjoy peace of
    mind and savings that are possible with our family of connected
    thermostats," said Scott Harkins, vice president, Honeywell Home and
    Building Technologies. "Our partnership with Lennar's Wi-Fi CERTIFIED
    homes now make it easy for families to control their thermostats
    remotely from anywhere on a mobile device. We are excited to offer
    homeowners a thermostat in every home that delivers comfort when they
    are home and savings while they are away."
  • Reliable control of lights from anywhere inside or outside the home
    from Lutron, the company that's been reliably dimming the lights in
    homes and offices for more than 55 years. "The right lighting can
    transform the look of the room and set the mood for any activity,"
    said Michael Smith, Vice President of Sales at Lutron. "Lutron smart
    lighting controls give homeowners the power to control the lighting in
    their home with a simple voice command, or via the Lutron app. This
    means you'll always arrive to a well-lit home and can effortlessly
    create the perfect atmosphere for family movie night or entertaining
  • Wireless music in any room with the Sonos home sound system. "We know
    that listening to music out loud throughout your home inspires more
    togetherness and happiness," said Zack Kramer, Senior Director, AMPAC
    Marketing at Sonos. "Our partnership with Lennar's Wi-Fi CERTIFIED
    Home Initiative makes it even easier for our customers to bring music
    into any room of their home."
  • Seamless integrated control with iOS or Android devices from anywhere
    in the world with Samsung SmartThings. "Samsung SmartThings gives
    homeowners a simple way to automate their daily routines with hundreds
    of different connected devices, allowing for better control and
    monitoring of their home from anywhere, with a few taps on their
    smartphones," said Bill Lee, Vice President, Smart Home Product
    Marketing, Samsung Electronics America. "From changing the temperature
    with your voice using Amazon Alexa, to knowing who is ringing your
    doorbell, or turning on the lights before you arrive home, the
    possibilities are endless with Samsung SmartThings to make daily life
    easier for Lennar Wi-Fi CERTIFIED home buyers."

"Living in a Lennar Wi-Fi CERTIFIED home design creates an experience
once reserved for the technologically sophisticated – and now it's
within reach of every Lennar homebuyer at every price point,"
said Jeremy Parness, Division President for Lennar California Coastal.
"We've engineered a home that weaves the best technology brands into
daily life in ways that connect people and truly reflect how they live

at Parasol Park
will launch their new Wi-Fi CERTIFIED smart home
features in their model home this weekend. Obsidian is located at
Cadence and Bosque Streets in Irvine. Visit the Welcome Home Center and
tour the models starting this weekend, from 10 a.m. to 6 p.m.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation's largest
builders of quality homes for all generations. The Company builds
affordable, move-up and retirement homes primarily under the Lennar
brand name. Lennar's Financial Services segment provides mortgage
financing, title insurance and closing services for both buyers of the
Company's homes and others. Lennar's Rialto segment is a vertically
integrated asset management platform focused on investing throughout the
commercial real estate capital structure. Lennar's Multifamily segment
is a nationwide developer of high-quality multifamily rental properties.
Previous press releases and further information about the Company may be
obtained at the "Investor Relations" section of the Company's website,

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