DW Partners buys Keys Gate homesites in $24M Lennar land bank switchup

Lennar switched land banks for 423 homesites in the Keys Gate residential subdivision in Homestead in a $24 million deal. JEN Partners, a New York-based firm that’s served as a land bank for Lennar, sold the lots to DW Partners, also based in New York, according to records. The purchase price was $23.98 million.  As part of the deal, Lennar terminated its purchase option for the homesites with JEN and signed a purchase option agreement with DW Partners that’s valid until 2031, records show.  The lots are roughly south of Southwest 344th Street and east of Southwest 162nd Avenue.  DW […]This article originally appeared on The Real Deal. Click here to read the full story.