Lennar to Acquire Hatfield Philips

LNR Property Corp. subsidiary Lennar Partners Europe Ltd. has acquired commercial real estate loan servicer Hatfield Philips International.Jeffrey P. Krasnoff, president and chief executive officer of LNR Property Corp., said he and Mark Griffith, managing director of LNR's European operations, have worked closely with Hatfield Philips International chairman John Hatfield for "almost a dozen years." He added that, over the past seven years, he has watched closely "as the HPI team built a first rate operation in Europe." Mr. Hatfield said that his company "already had a wonderful working relationship with the LNR team" and that he is "thrilled to formally join forces with LNR in Europe." LNR can be found on the Web at http://www.lnrproperty.com.