Investment Banking Exclusive to Housing

As the housing industry’s leading independent investment bank, Zelman provides comprehensive M&A advisory services and capital markets solutions to our corporate and investor clients, their boards and special committees. Our unique advantage is our fundamental comprehension of all facets of U.S. housing and the associated capital and M&A transaction markets – this unparalleled capability enables us to help our clients achieve their strategic and financing objectives through all phases of the housing business cycle. 

As the industry leader, we thrive by placing our clients’ interests first, acting with conviction informed by deep research and analysis, and living by the highest standards of character and integrity. When partnering with Zelman, clients can expect unconflicted, world-class advice and hands-on involvement from veteran dealmakers operating within the most rigorous levels of confidentiality and discretion.
Investment Banking Exclusive to Housing
Capital Markets

Capital Markets

Our prominence with the institutional investment community provides Zelman direct insight and understanding of the housing capital markets, including detailed knowledge of capital sources, capital costs, and capital availability. With this differentiated capability, we provide clients sophisticated security structuring and distribution services to hundreds of institutional debt and equity investors that focus on a range of investment strategies throughout the capital structure, addressing a broad range of capital uses including growth capital, buyouts and refinancings.

For debut public debt offerings and initial public equity offerings, we provide guidance on preparation, advice on key decisions, and we help manage underwriting syndicate banks, in addition to underwriting and distributing the securities. Our independence and objectivity, coupled with our direct and long-standing relationships with the housing investment community, directly inform our ability to advise and execute capital markets transactions for clients.

  • High Yield Notes
  • Minority Investments
  • Initial Public Offerings
  • Primary and Secondary Equity Offerings
  • Institutional Term Loans
  • Private Debt & Equity Placements
  • Investment Grade Notes
  • Project Financing
  • Joint Venture Financing
  • Strategic Investor Sourcing

Mergers & Acquisitions

We partner with our housing clients in evaluating their most strategic and complex corporate decisions, and executing resulting transactions. Zelman has an extensive track record for successful and innovative transaction outcomes, having recently executed transactions valued over $14 billion and routinely ranking as the #1-ranked advisor in our areas of focus.

Zelman's core housing industry knowledge, execution platform, extensive corporate and investor relationships, and other critical transaction capabilities make us a natural, effective, and uniquely valuable advisory partner.

  • Acquisitions
  • Mergers
  • Corporate Valuations
  • Spin-offs
  • Divestitures
  • Special Committee Assignment
  • Financial Restructurings
  • Strategic Alternatives
  • Joint Ventures
Mergers & Acquisitions


Serving as a critical interface connecting innovators and entrepreneurs with our vast network of industry operators and institutional investors, we partner with clients to facilitate strategic introductions, capital investments and commercial partnerships.
By leveraging our industry expertise and deep relationships across all facets of the housing ecosystem, Zelman is uniquely capable of positioning innovative start-ups for success while allowing established operators to participate in the wave of technological innovation and new business models that are materializing across the broader housing and real estate industry.

Our strategic network includes leading executives and operators throughout housing and residential real estate:
  • Apartments / Multi-Family
  • Mortgage Lending
  • Building Products
  • Mortgage Technology
  • Homebuilding
  • Real Estate Brokerage
  • Homecenters
  • Single-Family Rental
  • Land Development
  • Title Insurance

Select Transactions

Great Southern Homes

Company Sale to

Zelman is Serving as Exclusive BuySide Advisor to DiamondHead

September 2022

Zelman is serving as exclusive M&A adviser to DiamondHead Holdings Corp. (Nasdaq: DHHC) in connection with its recently announced acquisition of Great Southern Homes, Inc. (GSH) in a transaction valuing the combined company at a pro forma enterprise value of $572 million.
GSH is one of the largest and fastest-growing private homebuilders in the Southeastern U.S. focusing on entry-level and move-up buyer segments and employing a “land light” operating model

Copper Bay

283 unit Build-For-Rent Portolio Sale to Private REIT

Zelman Served as Sell-Side Advisor

May 2022

Zelman, in partnership with Walker & Dunlop's Investment Sales team, served as Exclusive Financial Advisor to Copper Bay on the sale of a stabilized portfolio of 283 newly-built single-family rental homes to a Private REIT

Copper Bay is an affiliate of Allen Edwin Homes, the leading Midwestern new home builder based in Portage, Michigan

Hayden Homes

$140 Million Unsecured Revolver & Private Note Placement

Zelman Served as Exclusive Financial Advisor and Placement Agent

May 2022

Zelman served as Exclusive Financial Advisor and Placement Agent to Hayden on its recent global debt recapitalization, including a new Senior Unsecured Revolver and a new Senior Unsecured Term Loan

Founded in 1989 in Redmond, Oregon, Hayden Homes is the Pacific Northwest’s largest private builder having delivered over 20,000 homes since inception utilizing a land-lite operating model focused on first-time and move-up buyers
See More Transactions

Meet Our Team Leader

Meet Our Team Leader

Led by Tony McGill, our investment banking team has executed over $24 billion of completed transaction value across the M&A and debt and equity capital markets with the largest names in housing – 84 Lumber, American Homes 4 Rent, Blackstone, Clayton Homes (Berkshire Hathaway), D.R. Horton, Installed Building Products, National MI, Re/Max, Sumitomo Forestry, Toll Brothers and many others.

Tony joined Zelman in 2008, leading our Investment Banking Team to become the most highly sought in housing for strategic advice, M&A and capital markets financings.

Tony can be reached at [email protected].

Meet Our Team
Zelman Partners LLC is an affiliate of Zelman & Associates. Zelman Partners is a registered broker dealer and member of FINRA and SIPC.