Whelan Advisory Capital Markets

For our next panel at the Rental Communities Summit, our resident BTR expert, Don Walker will be joined by Andrea Finger of Whelan Advisory Capital Markets, Keaton Merrell of Walker & Dunlop, and Joel Kirstein of Berkadia to discuss the new capital in town for Rental Communities. The event will take place next Tuesday, July 23rd, from 9 a.m. to 1 p.m. pacific. Paid registration is required to attend this event. For more information on how to sign up, please contact [email protected]. #singlefamilyrental #btr #rental #housing

We eagerly anticipate the release of Zonda's annual Builder 100 and Local Leader data each spring. The trends are insightful and underscore our view that M&A activity will continue at a feverish pace. Large builders and Asian Buyers are driving this activity, seeking scale advantages and additional market share gains. Below are the key M&A Market takeaways from our Founder & CEO, Margaret Whelan:  ·        In my 30 years working on Wall Street, I've never seen a more dynamic and active M&A environment for homebuilders. ·        There are more buyers, from more places, with more cash, than at any other time. We recently attended the John Burns Research and Consulting Summit, and in a poll of attendees, twice as many executives said they would buy versus sell a company today. ·        The top 10 builders are closing nearly 300k homes a year and need over 1 million lots to sustain that growth. ·        Large builders are focused on growing by increasing their geographic footprint, product offerings, and price points. We estimate that up to 70% of their historical unit growth is a result of acquisitions, and we expect this trend to persist. ·        They are leveraging market share positions and scale to deliver near-record margins, which is driving significant cash flow generation and providing the liquidity to fuel acquisitive growth. ·        Our private midsized builder friends are asking, “𝘔𝘢𝘳𝘨𝘢𝘳𝘦𝘵, 𝘴𝘩𝘰𝘶𝘭𝘥 𝘐 𝘫𝘶𝘮𝘱 𝘰𝘳 𝘸𝘢𝘪𝘵 𝘵𝘰 𝘨𝘦𝘵 𝘱𝘶𝘴𝘩𝘦𝘥?” What’s really fascinating about the current dynamic is that it is still a seller’s market! ·        Given the number of buyers, private homebuilders are selling for historically high multiples, up to and above 2x Book Value. This is a 40 % premium to the ~1.4x Book Value public peers have traded at on average over the past 10 years, despite privates being smaller and less liquid. Visit the link in the comments to view the data points Whelan Advisory Capital Markets found most insightful following our review of Zonda's 2023 builder surveys.

The mergers and acquisitions (M&A) market for U.S. homebuilders and construction companies has reached unprecedented heights, with an influx of buyers equipped with substantial capital, driving significant structural changes within the industry. Currey Cornelius, Managing Director of Whelan Advisory Capital Markets joins Dave Cooper 🎥 on Monday, June 17th to discuss this record-breaking trend as well as the continued growth drivers in offsite construction. Thank you to our premier supporting members for helping us deliver these #ConstructiveConversations 🔵 Cobalt Creed services builders, developers, project managers and building related entities to achieve the highest levels of comfort, Indoor Air Quality (IAQ), and low energy costs from the HVAC systems installed for their projects and their customers. Our approach is centered around the Unico System. The Unico System is a Small Duct, High Velocity (SDHV) central heating and cooling system. https://cobaltcreed.com/ 👉 Connect with Shawn Intagliata and David Stuart to learn more! Paul Short I Combilift: the largest global manufacturer of multi-directional forklifts enabling warehouse optimization 👉 https://combilift.com/ Carson Holmquist I Stream Modular: Transportation, Logistics, Supply Chain and Storage specializing in offsite construction 👉 https://lnkd.in/gPYMb-aj Trey S. I FourA Constructs: a general contractor offering the only exclusively offsite skilled workforce in North America 👉https://lnkd.in/gPpDz7Ef #DaveCooperLIVE #BuildItBetter #Homebuilding #ConstructionIndustry #MergersAndAcquisitions #RealEstateInvesting #HousingMarket #OffsiteConstruction #RealEstateNews #MarketInsights #RealEstateDevelopers #RealEstateInvestors

Great job Currey Cornelius!

Whelan Advisory acted as the exclusive financial advisor to Prestige Corp, a top land development and site works company based in Charlotte, NC, in its sale to Stanley Martin Homes, the 22nd largest homebuilder in the country and subsidiary of Japan-based Daiwa House Industry Co., Ltd. "It was our pleasure to represent the Prestige team on this important transaction. As a leading developer in the Charlotte market, this acquisition opportunity was very well received, with a wide range of bidders from U.S. and Japanese builders to Private Equity firms. Ultimately the fit with Stanley Martin was right given their experience and interest in lot development, and the value they saw in the site works contractor. We are delighted for Brian and his team with this win-win outcome." - Margaret Whelan, Founder & CEO, Whelan Advisory Capital Markets #landdevelopment #siteworks #realesate #mergersandacquisitions #Charlotte

Whelan Advisory acted as the exclusive financial advisor to Pyatt Builders, LLC, a top ten homebuilder in Indianapolis, in its sale to Taylor Morrison (NYSE: TMHC), the seventh largest homebuilder in the country. “Pyatt Builders, LLC has distinguished itself as a high-quality homebuilder in the quickly growing Indianapolis market. The team created a highly sought after platform as one of the largest local private builders with a great reputation and a robust lot pipeline. There was strong interest throughout this process and we’re confident Pyatt Builders has found the best partner in Taylor Morrison, given the cultural fit and shared vision for growth. We congratulate both companies on this exciting milestone.” - Margaret Whelan, Founder & CEO, Whelan Advisory Capital Markets #homebuilding #mergersandacquisitions #realestate #Indianapolis

We are thrilled to introduce this year's Housing Innovation Summit's speakers. We asked them what they’re most looking forward to at this year’s Summit.   Currey Cornelius, Managing Director Whelan Advisory Capital Markets, told us...   Great networking! And I'm excited for the presentation covering the influence of Asian capital given the rapid increase in activity and the significant impact it could have on the market.   Registered yet? Go here: https://bit.ly/3TLATDj #housingalliancesummit

The M&A market for U.S. homebuilders and construction companies has never been stronger.   The universe of buyers and investors is larger than ever, attracted by the scale of the U.S. housing market and a sustained demand outlook for years to come. These investors offer a variety of capital solutions and partnership structures that crystallize value for private owners while enabling management teams to achieve their growth ambitions. Many private operators are now considering a transaction due to capital becoming more scarce, increasingly stiff competition from larger players, and attractive valuations available from buyers. This has resulted in historic deal activity. 

🚨 New Episode! Margaret Whelan, founder and CEO of Whelan Advisory Capital Markets, joins Mollie Carmichael for episode 26 of our Inspirational Leadership Podcast. 🎙️ Margaret is a trailblazer in her field with an outstanding track record of success and integrity. Learn more about her in this latest episode. ➡️ Tune in now: bit.ly/3I2itY9

I'm looking forward to the NAHB International Builders' Show in Vegas next week. I have several speaking engagements to cover topics such as M&A in Homebuilding, and Innovation in Construction. See you there!