DFH acquires Crescent Homes assets, expands into SC and TN with 457 homesites and 6,200 lots

Dream Finders Homes, Inc.

Acquired core homebuilding assets of Crescent Homes; includes 457 homesites, 460-home backlog (~$265M), and 6,200 lots under control.
Expands into Charleston, Greenville (SC), and Nashville (TN); Crescent has over 25 active selling communities.
Funded with cash on hand and borrowings under DFH's unsecured revolver; also paid off Crescent's vertical lines.
Crescent founded in 2009 by Ted Terry; has closed ~5,000 homes and serves entry-level to move-up buyers.

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