Services - Zelman & Associates

Empire Communities

$475 Million Senior Notes Offering

Zelman Served as Lead Manager

Dream Finders Homes

Acquisition of

Zelman Served as Exclusive Buy-Side Advisor

Smith Douglas Homes

$186 Million Initial Public Offering

Zelman Served as Joint Bookrunner

January 2024

Zelman served as Joint Bookrunner on Smith Douglas Homes’ $186 Million Initial Public Offering

Headquartered in Atlanta, Georgia, Smith Douglas – the 38th largest homebuilder by volume in 2022 – focuses primarily on entry-level and empty-nest homebuyers with new homes priced below the FHA loan limit in Atlanta, Birmingham, Charlotte, Houston, Huntsville, Nashville, and Raleigh

IPO Announcement

Samuel Taylor Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

December 2023

Zelman served as Exclusive Sell-Side Investment Banker to Samuel Taylor Homes on its successful company sale to Fischer Homes

Founded in 2011 in Panama City, Florida, Samuel Taylor is one of the largest private homebuilders operating throughout Northwest Florida

Fischer Acquires Samuel Taylor

Sumitomo

Acquisition of

Zelman Served as Buy-Side Financial Advisor

November 2023

Zelman served as Buy-Side Financial Advisor to Sumitomo Forestry America, Inc. in connection with its acquisition of JPI.

Sumitomo Forestry of America is a subsidiary of Sumitomo Forestry Co., Ltd., one of Japan's largest publicly listed housing and timber companies, and ranks as a top-10 homebuilder and multi-family developer in the United States.

Headquartered in Irving, Texas, JPI is a national developer, builder, and investment manager of Class A multifamily assets.

Sumitomo Acquires JPI

Wathen Castanos

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

October 2023

Zelman served as Exclusive Sell-Side Advisor to Wathen Castanos Homes

Wathen Castanos Homes is a leading private homebuilder in California's Central Valley and Central Coast with a long-established legacy of homebuilding success

Trumark Acquires Wathen Castanos Homes

Knock

Private Equity Placement

Zelman Served as Exclusive Financial Advisor

September 2023

Zelman served as Financial Advisor to Knock

Headquartered in New York and San Francisco, CA, Knock is an online home trade-in platform that allows customers to buy a new home faster, and sell their existing home at market pricing, instantly

Safe-Way Garage Doors

Acquisition of

Zelman Served as Buy-Side Advisor

August 2023

Zelman served as Exclusive Financial Advisor to Safe-Way Garage Doors in connection with its recent acquisition of 1st United Door Technologies.

Safe-Way Garage Doors, a portfolio company of CW Industrial Partners, is a leading manufacturer and distributor of residential, commercial, and industrial overhead garage doors. The company is headquartered in Warsaw, Indiana with distribution centers in Murfreesboro, Tennessee and Nixa, Missouri.

Headquartered in Tempe, Arizona, 1st United has over 150 years of combined door installation and manufacturing experience, with a reputation for providing value, innovation, and quality products at competitive prices.

Safe-Way Garage Doors Strengthens National Reach Through Acquisition of 1st United Door Technologies

Dream Finders Homes

$300 Million Senior Notes Offering

Zelman Served as Lead Manager

August 2023

Zelman served as Lead Manager on Dream Finders Homes' debut $300 million Senior Notes due 2028

Dream Finders is one of the fastest growing publicly-traded homebuilders in the United States, utilizing an asset-lite homebuilding model to deliver industry-leading returns

Dream Finders Announces Pricing of Senior Notes Offering Due 2028

Truland Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

July 2023

Zelman served as Exclusive Sell-Side Advisor to Truland Homes

Truland is the largest private homebuilder along the Gulf Coast with a focus on first-time, move-up and active-adult buyers

D.R. Horton Acquires Truland Homes

Evermore Homes

Private Equity Investment

Zelman Served as Exclusive Financial Advisor

June 2023

Zelman served as Exclusive Financial Advisor to Evermore

Evermore was established in 2017 to capitalize on the significant long-term structural demand for new single-family homes by acquiring high-quality private homebuilders in leading southeastern and southwestern geographies. Evermore offers high-quality, innovative new homes in major markets in Alabama, Arizona and Georgia targeting diverse segments including entry-level, move-up and move-down homebuyers

United Homes Group

$80 Million Senior Convertible Note PIPE Investment

Zelman Served as Lead Financial Advisor and Lead Placement Agent

March 2023

Zelman served as Lead Financial Advisor and Lead Placement Agent on United Homes Group’s recent $80,000,000 Senior Convertible Note PIPE Investment in connection with its reverse merger with DiamondHead Holdings Corp

United Homes Group is one of the largest homebuilders in the Southeast focused on entry level and first-time move-up home buyers, employing a capital efficient “land-light” operating model

Great Southern Homes trades on the Nasdaq as United Homes Group (Ticker Symbol: "UHG")

UHG Closing Press Release

Great Southern Homes

Company Sale to

Zelman Served as Exclusive Buy-Side M&A Advisor to DiamondHead

March 2023

Zelman served as exclusive M&A buy-side adviser to DiamondHead Holdings Corp. in connection with its recently closed acquisition of Great Southern Homes, Inc. at an enterprise value of approximately $600 million, creating the industry’s third publicly-traded “land light” homebuilder. Great Southern Homes trades on the Nasdaq as United Homes Group (Ticker Symbol: "UHG")

United Homes Group is one of the largest homebuilders in the Southeast focused on entry level and first-time move-up home buyers, employing a capital efficient “land-light” operating model

This transaction is the largest private builder m&a transaction since 2014, the first homebuilder reverse merger since 2020 and only the third homebuilder to go public since 2014

UHG Closing Press Release

San Joaquin Valley Homes

Financial Advisor

Zelman Served as Financial Advisor to Merced

September 2022

Zelman served as Financial Advisor to Merced Capital

Founded in 2013 by Central Valley native and 30-year homebuilding veteran Joe Leal, SJV Homes has grown to be the leading private builder in the Valley focused on affordable entry-level, move-up, and move-down homes

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

Realogy

$1.0 Billion Senior Notes Offering

Zelman Served as Co-Manager

January 2022

Zelman served as Co-Manager for Realogy's $1.0 Billion Senior Notes due 2030

Realogy is the leading and most integrated provider of U.S. residential real estate services, encompassing franchise, brokerage, relocation, and title and settlement businesses.

Realogy Announces Upsizing and Pricing of its $1 Billion Offering of Senior Notes due 2030

Rocket Companies

$2.0 Billion Senior Notes Offering

Zelman Served as Co-Manager

September 2021

Zelman served as Co-Manager for Rocket Company's upsized $1.15 Billion Senior Notes due 2026 and $850 Million Senior Notes due 2033

Rocket Companies is a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses including Rocket Mortgage, Rocket Homes and Rocket Auto

Rocket Companies Announces Upsizing and Pricing of Senior Notes due 2026 and Senior Notes due 2033

Century Communities

$500 Million Senior Notes Offering

Zelman Served as Co-Manager

Legacy Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

June 2021

Zelman served as Exclusive Sell-Side Financial Advisor to Legacy Homes

Legacy Homes is the leading private builder in Huntsville, AL with a focus on affordable, entry-level homes

Goodall Homes Acquires Huntsville-Based Legacy Homes

Compass

$450 Million Initial Public Offering

Zelman Served as Senior Co-Manager

March 2021

Zelman served as Senior Co-Manager for Compass's $450 Million Initial Public Offering

Compass provides an integrated suite of software products for real estate agents, including customer relationship management, advertising and marketing, client service, operations and other critical functionality

Compass Announces Pricing of Initial Public Offering

UWM

$700 Million Senior Notes Offering

Zelman Served as Co-Manager

March 2021

Zelman served as Co-Manager for United Wholesale Mortgage's $700 Million Senior Notes due 2029

United Wholesale Mortgage operates as a wholesale mortgage lender, underwriting and providing closing documentation for residential mortgage loans originated by independent mortgage advisors

UWM Holdings Corporation Announces Pricing of $700 Million of 5.500% Senior Notes Due 2029

Opendoor

$886 Million Follow-On Offering

Zelman Served as Senior Co-Manager

Realogy

$305 Million Senior Notes Offering

Zelman Served as Co-Manager

Dorn Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

Home Point Capital

$94 Million Initial Public Offering

Zelman Served as Senior Co-Manager

January 2021

Zelman served as Co-Manager for Home Point's $94 Million Initial Public Offering

Home Point is the 3rd largest wholesale mortgage originator in the country and 10th ranked non-bank mortgage originator in the United States

Home Point Capital Announces Pricing of Initial Public Offering

Dream Finders Homes

$144 Million Initial Public Offering

Zelman Served as Lead Manager

January 2021

Zelman served as Lead Manager for Dream Finder's $144 Million Initial Public Offering

Dream Finders is one of the nation's fastest growing homebuilders with operations across the Southeastern United States

Dream Finders Homes Announces Pricing of Initial Public Offering

Empire Communities

US$400 Million / C$150 Million Debut Dual-Tranche Senior Notes Offering

Zelman Served as Financial Advisor & Lead Manager

December 2020

Zelman served as Financial Advisor and Lead Manager to Empire

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

Empire Communities Completes 2-Part Offering of Senior Notes

Knight Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

December 2020

Zelman served as Exclusive Sell-Side Financial Advisor to Knight Homes

Knight Homes is a leading private builder in Georgia and Alabama providing high-quality homes and neighborhoods to first-time and move-up homebuyers

Dan Ryan Builders Announces Acquisition of Knight Homes

The New Home Company

$250 Million Senior Notes Offering

Zelman Served as Co-Manager

Rocket Companies

$2.0 Billion Senior Notes Offering

Zelman Served as Co-Manager

September 2020

Zelman served as Co-Manager for Rocket Company's $750 Million Senior Notes due 2029 and $1.25 Billion Senior Notes due 2031

Rocket Companies is a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses including Rocket Mortgage, Rocket Homes and Rocket Auto

Rocket Companies Announces Upsizing and Pricing of Senior Notes due 2029 and Senior Notes due 2031

Rocket Companies

$2.1 Billion Initial Public Offering

Zelman Served as Co-Manager

August 2020

Zelman served as Senior Co-Manager for Rocket Company's $2.1 Billion Initial Public Offering

Rocket Companies is a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses including Rocket Mortgage, Rocket Homes and Rocket Auto

MGIC Investment Corp.

$650 Million Senior Notes Offering

Zelman Served as Co-Manager

August 2020

Zelman served as Senior Co-Manager for MGIC's $650 Million Senior Notes due 2028

MGIC provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders throughout the United States, Puerto Rico, and other locations

MGIC Investment Corporation Announces Commencement of Senior Notes Offering

Taylor Morrison

$500 Million Senior Notes Offering

Zelman Served as Co-Manager

July 2020

Zelman served as Co-Manager for Taylor Morrison's $500 Million Senior Notes due 2028

Taylor Morrison builds single-family detached and attached homes for first-time and move-up homebuyers in eleven states

TRI Pointe Group

$350 Million Senior Notes Offering

Zelman Served as Co-Manager

June 2020

Zelman served as Co-Manager for TRI Pointe’s $350 Million Senior Notes due 2028

TRI Pointe Group is a leading public homebuilder operating through six homebuilding brands in nine states

Essent Group

$459 Million Secondary Offering

Zelman Served as Co-Manager

May 2020

Zelman served as Co-Manager on Essent Group’s $459 Million Secondary Offering

Essent Group is a Bermuda-based holding company comprised of subsidiaries that offer private mortgage insurance for single-family mortgage loans in the United States and provide private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners

Knock

Series C Preferred Equity Raise

Zelman Served as Exclusive Financial Advisor

March 2020

Zelman served as Financial Advisor to Knock

Knock is a technology company creating innovative home loan products to enable people to easily buy their new home before selling their existing one. Knock partners with agents and lenders to offer the Knock Home Swap

Elite Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

October 2019

Zelman served as Exclusive Sell-Side Advisor to Elite Homes

Elite Homes is a leading private builder in Louisville, KY with a reputation for high-quality luxury homes for move-up and active-adult buyers

Sabal Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

September 2019

Zelman served as Exclusive Sell-Side Advisor to Sabal Homes

Sabal Homes is a leading private builder in South Carolina delivering high-quality homes to first-time, move-up, and active adult home-buyers

Green Brick Partners

$75 Million Private Note Placement

Zelman Served as Exclusive Financial Advisor

August 2019

Zelman served as Exclusive Financial Advisor to Green Brick in connection with its new private note placement

Green Brick is a diversified homebuilding and land development company that currently operates in Texas, Georgia, Colorado, and Florida

Sharp Residential

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

May 2019

Zelman served as Exclusive Sell-Side Advisor to Sharp Residential

Sharp is a leading private homebuilder in Atlanta with longstanding brand recognition and decades of experience delivering high-quality homes to move-up homebuyers

Highland Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

May 2019

Zelman served as Exclusive Sell-Side Advisor to Highland Homes

Highland Homes is the largest, fastest-growing, and most profitable private production builder in Central Florida focused exclusively on entry-level housing

Mungo Homes

Company Sale to

Zelman Served as Exclusive Sell-Side Advisor

December 2018

Zelman served as Exclusive Sell-Side Advisor to Mungo Homes on its sale to Clayton Homes, a Berkshire Hathaway subsidiary

Mungo Homes is a nationally recognized, award-winning homebuilder, ranking as one of the largest nationally for over ten years. Mungo operates in eight markets

Neal Communities

$50 Million Private Note Placement

Zelman Served as Exclusive Financial Advisor

November 2018

Zelman served as Financial Advisor to Neal in connection with its new Senior Unsecured Private Bond issue

Neal has been the leading private builder and land developer in Southwest Florida for over 45 years. The Company is a top 25 private builder nationally and top 50 builder overall based on 2017 unit volume

Crescent Communities

Company Sale to

Zelman Served as Exclusive Buy-Side Advisor

June 2018

Zelman served as Exclusive Buy Side Advisor to Sumitomo Forestry of America

Sumitomo is one of Japan's largest publicly-listed homebuilding and timber companies and ranked as the 11th largest homebuilder in the United States in 2017 by unit volume

MBK Homes

Strategic Transaction with

Zelman Served as Exclusive Sell-Side Advisor

April 2018

Zelman served as Sell-Side Advisor to MBK Homes

MBK Homes is an urban infill homebuilder operating in core Northern and Southern California markets

Pinnacle Homes

Company Sale to

Zelman Served as Sell-Side Advisor

March 2018

Zelman served as Sell-Side Advisor to Pinnacle Homes

Pinnacle is the #1 private builder in southeast Michigan, delivering high-quality homes to move-up and active adult homebuyers

National MI

$84 Million Secondary Offering

Zelman Served as Co-Manager

March 2018

Zelman served as Co-Manager on National MI's $84 Million Secondary Offering

National MI is a mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default

William Lyon Homes

$350 Million Senior Notes Offering

Zelman Served as Senior Co-Manager

March 2018

Zelman served as Co-Manager on William Lyon's $350 Million Senior Notes due 2023

William Lyon builds and markets single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon and Texas

American Homes 4 Rent

$500 Million Senior Notes Offering

Zelman Served as Senior Co-Manager

February 2018

Zelman served as Underwriter on American Homes 4 Rent’s $500 Million Senior Notes Offering due 2028

American Homes 4 Rent is a leading national single-family home rental company. As of September 30, 2017, the Company owned 50,015 single-family properties across 22 states

Candlelight Homes

Company Sale to

Zelman Served as Sell-Side Advisor

January 2018

Zelman served as Exclusive Sell-Side Advisor to Candlelight Homes

Candlelight Homes is one of Utah’s largest and most profitable private homebuilders, with close affiliation with DAI, Utah’s foremost land developer

Fieldstone Homes

Strategic Ownership Transaction

Zelman Served as Advisor to Fieldstone's Board of Directors

January 2018

Zelman served as advisor to Fieldstone's Board of Directors

Fieldstone Homes is one of Utah’s largest private homebuilders focused on move-up homebuyers, operating across Utah’s largest and fastest growing counties

Home South Communities

Company Sale to

Zelman Served as Sell-Side Advisor

December 2017

Zelman served as Sell-Side Advisor to Home South Communities

Home South Communities is a leading private builder operating in the Atlanta metro market

Challenger Homes

Minority Equity Sale to

Zelman Served as Sell-Side Advisor

August 2017

Zelman served as Sell-Side Advisorr to Challenger Homes

Challenger Homes is a leading private builder operating in the Colorado Springs market

Harris Doyle Homes

Company Sale to

Zelman Served as Sell-Side Advisor

July 2017

Zelman served as Sell-Side Advisor to Harris Doyle Homes on its sale to Clayton Homes, a Berkshire Hathaway subsidiary

Harris Doyle Homes is a leading private builder operating in the greater Birmingham and Auburn, Alabama markets

TRI Pointe Group

$300 Million Senior Notes Offering

Zelman Served as Co-Manager

June 2017

Zelman served as Co-Manager for TRI Pointe’s $300 Million Senior Notes Offering due 2027

TRI Pointe Group is a leading public homebuilder operating through six homebuilding brands in eight states

Five Point Holdings

$338 Million Initial Public Offering

Zelman Served as Joint Bookrunning Manager

May 2017

Zelman served as Joint BookRunning Manager on Five Point’s $338 Million Initial Public Offering

Five Point is the largest owner and developer of mixed-use, master-planned communities in coastal California

The New Home Company

$250 Million Senior Notes Offering

Zelman Served as Co-Manager

March 2017

Zelman served as Co-Manager on The New Home Company’s $250 Million Senior Notes due 2022

The New Home Company is a rapidly growing new generation homebuilder operating in Northern and Southern California and Phoenix, Arizona

Edge Homes

Majority Equity Sale to

Zelman Served as Sell-Side Advisor

January 2017

Zelman served as Sell-Side Advisor to Edge Homes

Edge Homes is the #1 largest private homebuilder in Salt Lake City, Utah

Invitation Homes

$1.8 Billion Initial Public Offering

Zelman Served as Co-Manager

January 2017

Zelman served as Co-Manager on Invitation Homes' initial public offering

Invitation is the largest owner and operator of single-family homes for lease in the United States

Taylor Morrison

$219 Million Synthetic Secondary Offering

Zelman Served as Joint Lead Manager

January 2017

Zelman served as Joint Lead Manager on Taylor Morrison's synthetic secondary offering

Taylor Morrison builds and markets single-family detached and attached homes with a focus on the first and second-move up segments in Arizona, Colorado, Flordia, Texas, and Canada

Coleman Homes

Company Sale to

Zelman Served as Sell-Side Advisor

November 2016

Zelman served as Sell-Side Advisor to Coleman Homes

Coleman Homes is the leading integrated homebuilder and developer in Boise, Idaho

84 Lumber

$350 Million Term Loan B

Zelman Served as Exclusive Financial Advisor

October 2016

Zelman served as Financial Advisor to 84 Lumber

84 Lumber is one of the largest private suppliers of lumber and building materials in the United States

84 Lumber

$350 Million Asset-Based Revolver

Zelman Served as Exclusive Financial Advisor

June 2016

Zelman served as Financial Advisor to 84 Lumber

84 Lumber is one of the largest private suppliers of lumber and building materials in the United States

DeNova Homes - Northwest

Division Sale to

Zelman Served as Sell-Side Advisor

June 2016

Zelman served as Sell-Side Financial Advisor to DeNova Homes

DeNova Homes is a fully-integrated homebuilder and developer in Northern California and Seattle, WA focused on detached and higher-density for-sale affordable housing

TRI Pointe Group

$300 Million Senior Notes Offering

Zelman Served as Co-Manager

May 2016

Zelman served as Co-Manager for TRI Pointe's $300 Million Senior Notes Offering

TRI Pointe Group is a leading public homebuilder operating through six homebuilding brands in eight states

M/I Homes

$300 Million Senior Notes Offering

Zelman Served as Co-Manager

April 2016

Zelman served as C0-Manager on M/I Homes' senior notes offering

M/I Homes is one of the nation's largest homebuilders of single-family homes, operating in North Carolina, Illinois, Ohio, Texas, Indianapolis, Maryland, Florida and Virginia. M/I Homes serves first-time, move-up, luxury and empty nest buyers

The New Home Company

$50 Million Follow-on Offering

Zelman Served as Lead Manager and Qualified Independent Underwriter

November 2015

Zelman served as Lead Manager and Qualified Independent Underwriter on The New Home Company's primary equity follow-on offering

The New Home Company is a rapidly growing new generation homebuilder operating in Northern and Southern California

Re/Max Holdings

$186 Million Secondary Offering

Zelman Served as Co-Manager

November 2015

Zelman served as Co-Manager on Re/Max Holdings’ secondary offering

Re/Max offers real estate brokerage services via an international network of franchisee owned and operated offices

Arcadia Communities

Company Sale to

Zelman Served as Sell-Side Advisor

October 2015

Zelman served as Sell-Side Advisor to Arcadia Communities

Arcadia is a private homebuilder and land developer headquartered in Leesburg, Virginia with significant residential land holdings in Northern Virginia and West Virginia

WCI Communities

$85 Million Secondary Offering

Zelman Served as Lead Manager

April 2015

Zelman served as Lead Manager on WCI's secondary share offering

WCI Communities is a lifestyle and amenity-focused homebuilder and community developer offering an integrated portfolio of real estate and residential services in Florida's coastal high-growth markets

Minto Communities

Strategic Advice

Zelman Served as Exclusive Financial Advisor

March 2015

Zelman served as Exclusive Financial Advisor to Minto Communities

Founded in 1955, Minto is a family-owned homebuilder and property management company operating in Florida and throughout Canada

The Olson Company

Strategic Financial Advice

Zelman Served as Exclusive Financial Advisor

August 2014

Zelman served as Exclusive Financial Advisor to The Olson Company

Since 1988, The Olson Company has been providing creative housing solutions to California cities. Olson is recognized as the leader in creating attainable, thoughtfully designed new homes priced within reach of California homebuyers

Legendary Communities

Company Sale to

Zelman Served as Sell-Side Advisor

August 2014

Zelman served as Sell-Side Advisor to Legendary Communities

Legendary is one of the largest privately-held homebuilders operating along the 'I-85 corridor' of the Southeastern U.S. with a significant presence in Atlanta, GA, Greenville-Spartanburg, SC, and Charlotte, NC

Installed Building Products

$116 Million Follow-on Offering

Zelman Served as Lead Manager

August 2014

Zelman served as Lead Manager on Installed Building Products’ equity follow-on offering

Installed Building Products is a diversified installation products company specializing in insulation installation in the new residential and non-residential construction industries

AV Homes

$200 Million Senior Notes Offering

Zelman Served as Co-Manager

June 2014

Zelman served as Co-Manager on AV Homes' Senior Notes Offering

AV Homes is engaged in the business of homebuilding, community development and land sales in Arizona, Florida and North Carolina

Century Communities

$103 Million Initial Public Offering

Zelman Served as Senior Co-Manager

June 2014

Zelman served as Senior Co-Manager on Century Communities' initial public offering

Century is a leading Denver-based single-family homebuilder, with operations in Colorado, Texas and Nevada

Weyerhauser/TRI Pointe Group

$900 Million Dual-Tranche Senior Notes

Zelman Served as Underwriter

June 2014

Zelman served as Underwriter on TRI Pointe Homes’ dual-tranche senior notes offering in connection with its acquisition of Weyerhaeuser Real Estate Company

TRI Pointe is engaged in the design, construction and sale of single-family homes in major metropolitan areas located throughout Arizona, California, Colorado, Maryland, Nevada, Texas, Virginia and Washington

Citizens Homes

Company Sale to

Zelman Served as Sell-Side Advisor

April 2014

Zelman served as Sell-Side Advisor to Citizens Homes

Citizens builds homes for a variety of lifestyles and budgets, including entry-level, as well as first- and second-time move-up homebuyers in the Charlotte, Hilton Head, Myrtle Beach, Nashville and Raleigh markets

William Lyon Homes

$150 Million Senior Notes Offering

Zelman Served as Co-Manager

March 2014

Zelman served as Co-Manager on William Lyon Homes’ Senior Notes offering

William Lyon builds and markets single-family detached and attached homes in Arizona, California, Nevada and Colorado (through the Village Homes brand)

Installed Building Products

$94 Million Initial Public Offering

Zelman Served as Lead Manager

February 2014

Zelman served as Lead Manager on Installed Building Products’ initial public offering

Installed Building Products is a diversified installation products company specializing in insulation installation in the new residential and non-residential construction industries

Continental Building Products

$189 Million Initial Public Offering

Zelman Served as Lead Co-Manager

February 2014

Zelman served as Lead Co-Manager on Continental Building Products’ initial public offering

Continental Building Products is the largest domestic pure-play manufacturer of gypsum wallboard and complimentary finishing products with operations in the eastern United States and Canada

The New Home Company

$99 Million Initial Public Offering

Zelman Served as Lead Manager

February 2014

Zelman served as Lead Manager on The New Home Company's initial public offering

The New Home Company is a rapidly growing new generation homebuilder operating in Northern and Southern California

Meritage Homes

$116 Million Follow-On Offering

Zelman Served as Co-Manager

January 2014

Zelman served as Co-Manager for Meritage's $116 Million Follow-On Offering

Meritage Homes is a leading entry-level homebuilder with core operations across Texas, Florida, Arizona, California, and five other states

GTIS Partners/LGI Homes

$42 Million JV Consolidation and Concurrent $99 Million IPO

Zelman Served as Financial Advisor

November 2013

Zelman served as Financial Advisor to GTIS Partners in connection with the consolidation of four joint ventures with LGI Homes

GTIS Partners is a global real estate investment firm headquartered in New York managing approximately $2.4 billion of committed equity. LGI Homes is an entry-level homebuilder operating in Texas, Arizona, Florida and Georgia

WCI Communities

$102 Million Initial Public Offering

Zelman Served as Lead Manager

July 2013

Zelman served as Lead Manager on WCI's initial public offering

WCI Communities is a lifestyle and amenity-focused homebuilder and community developer offering an integrated portfolio of real estate and residential services in Florida's coastal high-growth markets

UCP

$116 Million Initial Public Offering

Zelman Served as Joint-Bookrunner

July 2013

Zelman served as Joint-Bookrunner on UCP's initial public offering

UCP is a leading land developer and homebuilder with significant land acquisition and entitlement expertise in high barrier-to-entry West Coast markets

Ply Gem Holdings

$381 Million Initial Public Offering

Zelman Served as Lead Manager

May 2013

Zelman served as Lead Manager on Ply Gem's initial public offering

Ply Gem is a leading manufacturer of exterior building products serving the new construction and repair and remodel end channels in the U.S. and Canada

Standard Pacific Homes

$219 Million Secondary Offering

Zelman Served as Lead Manager

May 2013

Zelman served as Lead Manager on Standard Pacific's secondary offering

Standard Pacific is a diversified builder of single-family attached and detached homes. The Company constructs homes in a wide range of prices and sizes targeting a broad range of homebuyers, with an emphasis on move-up buyers Shares were sold by MatlinPatterson, Standard Pacific's majority shareholder

William Lyon Homes

$250 Million Initial Public Offering

Zelman Served as Senior Co-Manager

May 2013

Zelman served as Senior Co-Manager on William Lyon's initial public offering

William Lyon builds and markets single-family detached and attached homes in Arizona, California, Nevada and Colorado (through the Village Homes brand)

American Residential Properties

$288 Million Initial Public Offering

Zelman Served as Co-Manager

May 2013

Zelman served as Co-Manager on ARP's initial public offering

American Residential Properties is a fully integrated and internally managed real estate investment trust that acquires, renovates, leases and manages single-family properties

Taylor Morrison

$723 Million Initial Public Offering

Zelman Served as Joint Bookrunner

April 2013

Zelman served as Joint Bookrunner on Taylor Morrison's initial public offering

Taylor Morrison builds and markets single-family detached and attached homes with a focus on the first and second-move up segments in Arizona, Colorado, Florida, Texas, and Canada

M/I Homes

$58 Million Secondary Offering

Zelman Served as Lead Manager

March 2013

Zelman served as Lead Manager on M/I Homes' secondary offering

M/I Homes is one of the nation's largest homebuilders of single-family homes, operating in North Carolina, Illinois, Ohio, Texas, Indianapolis, Maryland, Florida and Virginia. M/I Homes serves first-time, move-up, luxury and empty nest buyers

David Weekley Homes

$200 Million Senior Notes Offering

Zelman Served as Lead Manager

January 2013

Zelman served as Lead Manager on David Weekley's Senior Notes offering

David Weekley Homes designs, builds, markets and sells new single-family detached homes in 16 markets across 8 states delivering over 70,000 homes since inception

Silver Bay Realty Trust

$282 Million Initial Public Offering

Zelman Served as Co-Manager

December 2012

Zelman served as Underwriter on Silver Bay's initial public offering

Silver Bay is focused on the acquisition, renovation, leasing and management of single-family properties for rental income and long-term capital appreciation with operations in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio and Texas

Village Homes

Company Sale to

Zelman Served as Sell-Side Financial Advisor to Sponsor

December 2012

Zelman served as Exclusive Sell-Side Financial Advisor to the Sponsor Group

Village Homes is a leading Denver-based private homebuilder, previously 100% owned by a Sponsor Group that retained Zelman to lead a targeted marketing process and execute a negotiated company sale

American Residential Properties

$224 Million 144A Equity Placement

Zelman Served as Financial Advisor

May 2012

Zelman served as Financial Advisor on the 144A equity placement

American Residential Properties is a fully integrated and internally managed real estate investment trust that acquires, renovates, leases and manages single-family properties

CamWest Development

Company Sale to

Zelman Served as Sell-Side Advisor

November 2011

Zelman served as Sell-Side Advisor to Cam West

Cam West is one of the largest privately held luxury homebuilders in the Pacific Northwest

Rottlund Homes

Florida Division Sale to

Zelman Served as Sell-Side Advisor

Comstock Homebuilding

$20 Million Private Bond Placement

Zelman Served as Placement Agent

Rottlund Homes

$50 Million Credit Facility Extension

Zelman Served as Exclusive Financial Advisor

M/I Homes

$69 Million Follow-On Offering

Zelman Served as Lead Manager

April 2009

Zelman served as Lead Manager on M/I Homes' follow-on offering

M/I Homes is one of the nation's largest homebuilders of single-family homes, operating in North Carolina, Illinois, Ohio, Texas, Indianapolis, Maryland, Florida and Virginia. M/I Homes serves first-time, move-up, luxury and empty nest buyers

Select Transactions

Empire Communities

Dream Finders Homes

Smith Douglas Homes

Samuel Taylor Homes

Sumitomo

Wathen Castanos

Knock

Safe-Way Garage Doors

Dream Finders Homes

Truland Homes

Evermore Homes

United Homes Group

Great Southern Homes

San Joaquin Valley Homes

Copper Bay

Hayden Homes

Realogy

Rocket Companies

Century Communities

Legacy Homes

Compass

UWM

Opendoor

Realogy

Dorn Homes

Home Point Capital

Dream Finders Homes

Empire Communities

Knight Homes

The New Home Company

Rocket Companies

Rocket Companies

MGIC Investment Corp.

Taylor Morrison

TRI Pointe Group

Essent Group

Knock

Elite Homes

Sabal Homes

Green Brick Partners

Sharp Residential

Highland Homes

Mungo Homes

Neal Communities

Crescent Communities

MBK Homes

Pinnacle Homes

National MI

William Lyon Homes

American Homes 4 Rent

Candlelight Homes

Fieldstone Homes

Home South Communities

Challenger Homes

Harris Doyle Homes

TRI Pointe Group

Five Point Holdings

The New Home Company

Edge Homes

Invitation Homes

Taylor Morrison

Coleman Homes

84 Lumber

84 Lumber

DeNova Homes - Northwest

TRI Pointe Group

M/I Homes

The New Home Company

Re/Max Holdings

Arcadia Communities

WCI Communities

Minto Communities

The Olson Company

Legendary Communities

Installed Building Products

AV Homes

Century Communities

Weyerhauser/TRI Pointe Group

Citizens Homes