DFH

Dream Finders Homes Announces New Home Community of Bungalow Walk at Waterside in Lakewood Ranch, Florida

Retrieved on: 
Thursday, March 21, 2024
Construction & Property, Residential Building & Real Estate, VIP, DFH, Siesta Key, Florida, Population growth, Hotel

Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH), the Jacksonville-based national homebuilder ranked as one of the fastest-growing U.S. companies, announced today the development of its new home community, Bungalow Walk at Waterside, in Lakewood Ranch (“Bungalow Walk at Waterside”).

Key Points: 
  • Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH), the Jacksonville-based national homebuilder ranked as one of the fastest-growing U.S. companies, announced today the development of its new home community, Bungalow Walk at Waterside, in Lakewood Ranch (“Bungalow Walk at Waterside”).
  • Dream Finders Homes was selected by Lakewood Ranch as one of 19 preferred builders contributing to its 33,000+ acre community with its Bungalow Walk at Waterside community.
  • The opportunity to introduce Dream Finders’ quality standards and innovative home models as Bungalow Walk at Waterside in Lakewood Ranch represents an exciting start to Dream Finders Homes expansion into the Tampa market.
  • For more information and to join the VIP list for updates on Dream Finders Homes expansion into Lakewood Ranch visit www.dreamfindershomes.com or call 888-214-1164.

Dream Finders Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Professional Services, Architecture, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, ASP, DFH, Acquisition, Sale, Video game

Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the fourth quarter and full year ended December 31, 2023.
  • Average sales price (“ASP”) of homes closed for the fourth quarter of 2023 increased 9% to $520,940, compared to $479,554 in the fourth quarter of 2022.
  • Homebuilding gross margin percentage in the fourth quarter of 2023 was 20.5%, compared to 17.1% in the fourth quarter of 2022.
  • SG&A as a percentage of homebuilding revenues in the fourth quarter of 2023 increased 150 bps to 8.3%, compared to 6.8% in the fourth quarter of 2022.

Zelman’s #1-Ranked Investment Banking Team Advised Dream Finders on Its Successful Acquisition of Crescent Homes

Retrieved on: 
Monday, February 19, 2024
Consulting, Residential Building & Real Estate, Banking, Commercial Building & Real Estate, Construction & Property, Professional Services, Building Systems, Architecture, Asset Management, Other Construction & Property, Finance, Acquisition, WD, DFH, Personality, Documentation, IPO, Ecosystem, Investment banking, Housing, Partner, Financial services

Zelman Partners , A Walker & Dunlop Company (NYSE: WD), served as exclusive buy-side M&A advisor to Dream Finders Homes (NYSE: DFH) on its acquisition of privately-owned homebuilder Crescent Homes.

Key Points: 
  • Zelman Partners , A Walker & Dunlop Company (NYSE: WD), served as exclusive buy-side M&A advisor to Dream Finders Homes (NYSE: DFH) on its acquisition of privately-owned homebuilder Crescent Homes.
  • The acquisition meaningfully enhances Dream Finders’ geographic footprint and allows the company to expand into the markets of Charleston and Greenville, South Carolina, and Nashville, Tennessee.
  • I’m incredibly proud to be surrounded by the most talented, dedicated, experienced, and hard-working colleagues in the business,” stated Zelman’s Head of Investment Banking, Tony McGill .
  • For more information please visit Zelman Investment Banking or contact us directly here or 212-993-5855.

Dream Finders Homes Acquires the Assets of Crescent Homes

Retrieved on: 
Friday, February 2, 2024
Professional Services, Architecture, Residential Building & Real Estate, Finance, Construction & Property, Building Systems, Partnership, Growth, History, Housing, Crescent, Hand, DFH, Acquisition

Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH) announced today that it has acquired the core homebuilding assets of privately held homebuilder, Crescent Ventures, LLC (“Crescent Homes” or “Crescent”).

Key Points: 
  • Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH) announced today that it has acquired the core homebuilding assets of privately held homebuilder, Crescent Ventures, LLC (“Crescent Homes” or “Crescent”).
  • The acquisition will meaningfully enhance Dream Finders’ geographic footprint and allow the Company to expand into the markets of Charleston and Greenville, South Carolina, and Nashville, Tennessee.
  • Patrick Zalupski, Dream Finders’ Chairman and CEO, said, “We are excited about this acquisition and our partnership with Crescent’s founder and CEO, Ted Terry, and the Crescent Homes team.
  • We are looking forward to welcoming the Crescent team to the Dream Finders family!”
    Ted Terry, Crescent Homes' Founder and CEO, said, “Our partnership with Dream Finders Homes will allow the Crescent Homes Team to build upon an already successful track record and provide us with a tremendous platform for growth.

Dream Finders Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
Construction & Property, Residential Building & Real Estate, Environment, Growth, ASP, Monotone comparative statics, NYSE, DFH, Pharmaceutical industry, Video game, Bank, Rare-earth element

Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the third quarter ended September 30, 2023.
  • Average sales price (“ASP”) of homes closed for the third quarter of 2023 increased 3% to $501,536, compared to $487,852 in the third quarter of 2022.
  • Homebuilding gross margin percentage in the third quarter of 2023 was 20.6%, compared to 18.6% in the third quarter of 2022.
  • As of September 30, 2023, the ASP in backlog was $479,638 compared to $470,192 as of June 30, 2023.

Designs for Health Appoints Amardeep Kahlon as Chief Executive Officer

Retrieved on: 
Wednesday, September 6, 2023
Reckitt, Ibuprofen, Education, Centrum, GSK plc, Research, Federal University of Toulouse Midi-Pyrénées, Patient, DFH, Functional medicine, Management, Amar Deep, Health, Kahlon, Fluticasone propionate

PALM COAST, Fla., Sept. 6, 2023 /PRNewswire/ -- Designs for Health, Inc. ("DFH"), the practitioner-recommended and consumer-preferred brand for high-quality, professional strength and research-backed supplements, today announced the appointment of former Chief Commercial Officer, Amardeep Kahlon, as its new Chief Executive Officer. The position was formerly held by the company's founder, Jonathan Lizotte, who continues to serve as Chairman of the Board and will maintain his connections with stakeholders and practitioners.

Key Points: 
  • The supplement brand's Founder and former CEO, Jonathan Lizotte, continues to serve as Chairman of the Board
    PALM COAST, Fla., Sept. 6, 2023 /PRNewswire/ -- Designs for Health, Inc. ("DFH"), the practitioner-recommended and consumer-preferred brand for high-quality, professional strength and research-backed supplements, today announced the appointment of former Chief Commercial Officer, Amardeep Kahlon, as its new Chief Executive Officer.
  • Kahlon brings a wealth of experience to the CEO role, starting from his tenure as Chief Commercial Officer at DFH, where he has led the US and Canada commercial strategy and teams since last year.
  • "It is a privilege to become the next leader of Designs for Health, especially following in Jonathan's passionate and ambitious footsteps.
  • To learn more about Designs for Health and its comprehensive portfolio of products, visit https://www.designsforhealth.com/ .

Palm Coast's new 55+ community celebrates Model Homes Grand Opening

Retrieved on: 
Monday, September 4, 2023
PALM, 340s, Lakefront, Reverie, Professional Builder, Washington Metro, CO, Recreation, Collection, Nature, Restaurant, DFH, NYSE, Fireworks, Interior design

PALM COAST, Fla., Sept. 4, 2023 /PRNewswire-PRWeb/ -- Offering a new vision of 55+ living in one of Florida's best beach towns, Reverie at Palm Coast has introduced a new collection of decorated model homes with a festive Grand Opening celebration. The single-family homes are presented by Dream Finders Homes, a publicly traded local company (NYSE: DFH) and one of the fastest-growing homebuilders in the nation.

Key Points: 
  • Offering a new vision of 55+ living in one of Florida's best beach towns, Reverie at Palm Coast has introduced a new collection of decorated model homes with a festive Grand Opening celebration.
  • PALM COAST, Fla., Sept. 4, 2023 /PRNewswire-PRWeb/ -- Offering a new vision of 55+ living in one of Florida's best beach towns, Reverie at Palm Coast has introduced a new collection of decorated model homes with a festive Grand Opening celebration.
  • Situated off US 1, 1 mile north of Palm Coast Parkway, Reverie at Palm Coast's model home grand opening was celebrated with a public event on August 19th and 20th.
  • Visitors to Reverie at Palm Coast can experience four distinctive styles when they tour the model homes.

Dream Finders Announces Pricing of Senior Notes Offering Due 2028

Retrieved on: 
Wednesday, August 9, 2023
Building Systems, Other Construction & Property, Architecture, Residential Building & Real Estate, Construction & Property, Note, Credit agreements in South Africa, SEC Rule 144A, Person, Sale, DFH, NYSE, Regulation, Security (finance)

Dream Finders Homes, Inc. (the “Company” or “Dream Finders Homes”) (NYSE: DFH) today announced the pricing of its private offering of $300,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2028 (the “2028 Notes”).

Key Points: 
  • Dream Finders Homes, Inc. (the “Company” or “Dream Finders Homes”) (NYSE: DFH) today announced the pricing of its private offering of $300,000,000 aggregate principal amount of 8.25% senior unsecured notes due 2028 (the “2028 Notes”).
  • The Company expects the net aggregate proceeds of the offering to be approximately $295 million, after the underwriting discount and estimated offering expenses payable by Dream Finders Homes.
  • The 2028 Notes will bear interest at 8.25% and will be guaranteed on a senior unsecured basis by each of the Company’s subsidiaries that is a guarantor under the Credit Agreement.
  • The offering is expected to close on August 22, 2023, subject to customary closing conditions.

Dream Finders Announces Proposed Senior Notes Offering

Retrieved on: 
Monday, August 7, 2023
Construction & Property, Residential Building & Real Estate, Note, Credit agreements in South Africa, SEC Rule 144A, Person, Sale, DFH, NYSE, Regulation, Security (finance)

Dream Finders Homes, Inc. (the “Company” or “Dream Finders Homes”) (NYSE: DFH) announced today its intention to offer, subject to market and other conditions, up to $300 million aggregate principal amount of unsecured senior notes due 2028 (the “2028 Notes”).

Key Points: 
  • Dream Finders Homes, Inc. (the “Company” or “Dream Finders Homes”) (NYSE: DFH) announced today its intention to offer, subject to market and other conditions, up to $300 million aggregate principal amount of unsecured senior notes due 2028 (the “2028 Notes”).
  • The Company intends to use the proceeds from the offering of the 2028 Notes to repay a portion of the borrowings outstanding under its existing amended and restated credit agreement, as amended (the “Credit Agreement”) and to pay fees and expenses related to the issuance, as well as for general corporate purposes.
  • The 2028 Notes will initially be guaranteed on a senior unsecured basis by each of the Company’s subsidiaries that is a guarantor under the Credit Agreement.
  • The offering of the 2028 Notes is subject to market conditions and other factors, and there can be no assurance as to whether, when or on what terms this transaction may be completed.

Dream Finders Announces Second Quarter 2023 Results

Retrieved on: 
Thursday, August 3, 2023
Architecture, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Building Systems, Landscape, ASP, Housing, GAAP, Second, Share repurchase, NYSE, Comparative advantage, Acquisition, MHI, DFH, Earnout, Growth, ROE, News, Video game, Pharmaceutical industry, Cryptocurrency, Bank, Real estate, Rare-earth element

Dream Finders Homes, Inc. (the “Company,” “Dream Finders Homes,” “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Dream Finders Homes, Inc. (the “Company,” “Dream Finders Homes,” “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the second quarter ended June 30, 2023.
  • Homebuilding revenues in the second quarter 2023 increased 19% to $943 million, compared to $791 million in the second quarter 2022.
  • Homebuilding gross margin percentage in the second quarter 2023 was 19.1%, compared to 19.7% in the second quarter 2022.
  • The Company recorded $18 million of contingent consideration revaluation expense in the second quarter 2023 compared to $5 million in the second quarter 2022.