Millrose is also pleased to report strong progress on transactions outside of the Lennar Master Program Agreement, closing approximately $250M in such transactions since its spin-off, at yields exceeding 11%. Given the strong reception for its capital, and the momentum in signing up new third-party clients, Millrose expects to close at least an additional $100M of such transactions within the next 30 days and anticipates delivering at least $1B in such transactions for full-year 2025. To support this accelerated growth, Millrose is actively working with its financial advisors to secure additional financing, ensuring ample capital to fund its expanding transaction pipeline.
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