Four rules for underwriting secondary Texas markets in a slower cycle

Four rules for underwriting secondary Texas markets in a slower cycle
For the better part of a decade, the Texas growth playbook was remarkably simple. If you wanted scale, liquidity and appreciation, you went to the Texas Triangle: Austin, Dallas–Fort Worth, Houston, and San Antonio and tried to be early to the next ring of rooftops. Those four metros captured the lion’s share of population and […]

Beazer refinancing raises Dream Finders deal cost by $53 million

For weeks, a central question surrounding Dream Finders Homes‘ pursuit of Beazer Homes has been unambiguous: Will Dream Finders’ offer for the company and its public relations campaign be enough to convince Beazer shareholders that a sale should occur? A just-completed debt refinancing by Beazer Homes likely raises the cost of any acquisition of Beazer. […]