Millrose Properties amends Lennar Founder’s Rights and external management deal
Millrose Properties announced amendments to contracts, refining its Founder’s Rights Agreement with Lennar, including Priority Amount calculation for the Capital Priority Right and secured financing collateral consent provisions. Separately, it amended its external management agreement.
Millrose Properties announced two material contract amendments.
The company refined its Founder’s Rights Agreement with Lennar, adjusting how the Priority Amount is calculated for the Capital Priority Right and updating secured financing collateral consent provisions.
Separately, Millrose amended i…