Bramalea. In 1996, the company acquired Winncrest Homes. The company also acquired acres in and took over management of Coto de Caza, California, a census-designated place and a gated community, from Chevron Corporation. In 1997, Stuart Miller, the son of co-founder Leonard Miller, became CEO of the company. Leonard Miller died in 2002. In 1997, the company acquired West Venture Homes. In 2002, the company merged with Pacific Greystone, and acquired Theyst Venture Homes, 2700 homes in the North Natomas Community, and 800 San Diego homesites. In 1998, the company acquired North American Title Company, Winncrest Homes, Polygon, and ColRich Communities. The company also acquired 3 closely held home construction companies operating in California for $370 million. The following year the company acquired Eagle Home Mortgage and Souththeyst Land Title. 2000-present In 2000, the company acquired U.S. Home Corporation for $476 million in cash and stock, which resulted in the company doubling in size. In 2001, the company acquired home building operations from Fortress Investment Group. In 2002, the company acquired Patriot Homes based in Columbia, Maryland, Barry Andrews Homes in Baltimore, Maryland, as well as Don Galloway Homes, The Genesee Company, Cambridge Homes, and Sunstar Communities. It also acquired Concord Homes and Summit Homes, both based in Chicago. The company then acquired on Mare Island, in a closed Navy base, for redevelopment. In 2003, Lennar acquired Coleman Homes. In 2004, the company acquired Newhall Land and Farming Company for $990 million. The company also acquired the assets of Queens Properties for $33.8 million, in addition to Connel-Barron Homes and Classic American Homes. In 2005, Lennar acquired Barker Coleman Homes, and the company acquired the 3,718-acre Marine Corps Air Station El Toro for redevelopment. In 2006, Lennar spun off its commercial servicing division, LNR Property Corporation, which was acquired by Starwood Capital Group in 2012. In November 2006, Lennar chairman Robert J. Strudler died. In December 2007, during the subprime mortgage crisis, the company sold an 80% interest in 11,000 properties for 40% of their previously stated book value to Morgan Stanley. In 2007, Lennar founded Rialto Capital Management, which was originated to acquire distressed real estate and mortgage debt. In 2008–2009, former businessman and convicted felon Barry Minkow engaged in an extortion scheme, spreading false information about the company that resulted in its stock price falling 26% in one day. Minkow was sentenced to 5 years in prison and