- Millrose Properties, Inc. (NYSE: MRP) shareholders should email fletcher@fmoorelaw.com
NEW YORK, Oct. 19, 2026 /PRNewswire/ --
What is the Investigation About?
On October 2, 2026, Hunterbrook Media published a report alleging that Millrose Properties had purchased approximately $200 million in finished homes from Lennar and was renting them out at an apparent loss. The report identified more than 700 home purchases across at least 51 counties in 15 states, with Millrose subsidiary MRP Liberty listed as the buyer in county deed records.
Following this news, the price of Millrose stock fell $2.10 per share, or approximately 8.5%, from $24.61 per share on October 2, 2026, to close at $22.51 per share on October 5, 2026.
The report contrasted these purchases with Millrose's prior representations that it would not enter into lease agreements or have tenants on its properties. Hunterbrook estimated rental returns of approximately 5% after expenses, below the 6.5% to 6.75% interest rates on Millrose's recently priced bonds, while noting that those bonds were not directly tied to the home purchases.
If you own Millrose Properties, Inc. (NYSE: MRP) securities, please contact Fletcher Moore at fletcher@fmoorelaw.com.
You may be able to seek monetary damages, corporate governance reforms, reimbursement to the company, and a court approved incentive award at no cost to you whatsoever. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
MOORE LAW PLLC
30 Wall Street, 8th Floor
New York, NY 10005
fletcher@fmoorelaw.com
www.fmoorelaw.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/investor-action-notice-moore-law-pllc-encourages-investors-in-millrose-properties-inc-to-contact-law-firm-302913099.html
SOURCE Moore Law PLLC
