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M&A Announcement – Dream Finders Homes Acquisition of Beazer Homes

October 20, 2026

Zelman served as Buy-Side Investment Banker to Dream Finders Homes (NYSE:DFH) on its successful acquisition of Beazer Homes (NYSE: BZH). The Combined platform will span 26 markets and approximately 520 active communities across the Southeast, Mid-Atlantic, Texas, the West, and the Midwest, covering 26 of the top 50 MSAs. The acquisition creates the sixth-largest U.S. homebuilder, with combined revenue of approximately $6.6 billion, roughly 13,000 annual closings, and is expected to generate over $100 million in annual run-rate cost synergies.

News Articles

The New York Times - Housing Costs Cool, but Remain a Source of Concern

The New York Times - Housing Costs Cool, but Remain a Source of Concern

Ivy spoke with Ben Casselman at The New York Times about the surge of housing costs across the U.S., while also highlighting the downward trend in rent for multifamily housing. Ivy noted, "I think that the multifamily market will see continued rents decelerate, but we won't see rents declining nationally."

Yahoo! Finance - Housing: How the Fed will be reading into shelter inflation

Yahoo! Finance - Housing: How the Fed will be reading into shelter inflation

Ivy spoke with Madison Mills and Seana Smith at Yahoo! Finance to discuss the Federal Reserve's interpretation of shelter inflation. Ivy explained, "the real weakness in the market has been pronounced in existing home turnover, which in fact what we thought was bottoming and improving is actually starting to turn more concerning and declining, given the backup and rates and affordability constraints."

CNBC - Overtime with Brian Sulivan

CNBC - Overtime with Brian Sulivan

Alan joined CNBC to discuss this morning’s higher than expected inflation print and housing stocks. Alan said, “I don’t think it’s an overreaction, I think it’s a combination of the fact that this group has had a really strong run through 2023…combined with a very significant one day move in rates.”

Debt Capital Markets Announcement - Empire Communities'

Debt Capital Markets Announcement - Empire Communities'

Zelman, a Walker & Dunlop (NYSE: WD) served as Lead Manager on Empire Communities' recent $475 million Senior Notes due 2029. Empire is one of North America’s largest privately-owned homebuilders focused on providing single-family detached, attached, and high-rise condos across attractive geographic markets in the U.S. and Canada.

CNBC - Closing Bell with Morgan Brennan

CNBC - Closing Bell with Morgan Brennan

Alan joined Closing Bell to discuss KB Home beating on top and bottom lines in their first quarter earnings report. Alan said, “The order growth was stronger than expected and I think what I'm looking forward to hearing on the call is what their pricing strategy was to achieve those orders..."

CNBC - Closing Bell with John Fortt

CNBC - Closing Bell with John Fortt

Alan joined Closing Bell to discuss Lennar's 1Q24 reported earnings. Alan said, “I think we could see a little bit of some near-term profit-taking on this, just given how strong the stock has been. Longer term, we think Lennar is a winner. Any significant pullback I would use as a buying opportunity.”