Exhibit 99.1


  STATEMENT UNDER OATH OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL
   OFFICER REGARDING FACTS AND CIRCUMSTANCES RELATING TO EXCHANGE ACT FILINGS


I, Stuart A. Miller, state and attest that:

(1) To the best of my knowledge, based upon a review of the covered reports of
LNR Property Corporation, and except, as corrected or supplemented in a
subsequent covered report:

     o    no covered report contained an untrue statement of a material fact as
          of the end of the period covered by such report (or in the case of a
          report on Form 8-K or definitive proxy materials, as of the date on
          which it was filed); and

     o    no covered report omitted to state a material fact necessary to make
          the statements in the covered report, in light of the circumstances
          under which they were made, not misleading as of the end of the period
          covered by such report (or in the case of a report on Form 8-K or
          definitive proxy materials, as of the date on which it was filed).

(2) I have reviewed the contents of this statement with the Company's audit
committee.

(3) In this statement under oath each of the following, if filed on or before
the date of this statement, is a "covered report":

     o    the Annual Report on Form 10-K for the year ended November 30, 2001 of
          LNR Property Corporation

     o    all reports on Form 10-Q, all reports on Form 8-K and all definitive
          proxy materials of LNR Property Corporation, filed with the Commission
          subsequent to the filing of the Form 10-K identified above; and

     o    any amendments to any of the foregoing.


/s/ Stuart A. Miller
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Name:  Stuart A. Miller                               Subscribed and sworn to
Title: Chairman of the Board                          before me this 13th day of
Date:  August 13, 2002                                August 2002


                                                      /s/ Natalie Restrepo
                                                      __________________________
                                                      Notary Public

                                                      My Commission Expires:
                                                      April 8, 2005