After undergoing months of a comprehensive review of its real estate investments branch, Australia-based Lend Lease Corp. has made a definitive decision to exit the U.S.-based business, rendering U.S.-based Lend Lease Real Estate Investments defunct.

Jonathan Miller, a spokesman of the firm, said that the U.S.-based business - termed U.S. REI - would possibly be sold off to interested buyers or be exited over time.

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