Morrison Foerster advised Builder Homesite, Inc. (BHI), which includes Builders Digital Experience, NewHomeSource.com, the largest new construction home listings platform in the U.S., and Envision, the leading new home design platform, in its sale to Zonda, the leading provider of data-driven housing market solutions for the homebuilding industry. This acquisition will help builders get more exposure for listings, access new data about consumer buying habits and trends to grow the sales and marketing funnel, and ultimately help drive deeper engagement with buyers throughout the entire home shopping lifecycle.
Founded in 2000, BHI is owned by a group of leading home builders in the U.S., including Lennar, PulteGroup, KB Home, and Beazer Homes. BDX has more than 1,200 builders active on the platforms today, NewHomeSource.com is the largest portal for new construction listings, and Envision is used by major U.S. home builders to help buyers visualize their future home and customize finishes based on their budget.
The team was led by Austin corporate partner Steven Tyndall and Austin corporate associate Anthony Krueger. The wider team included New York executive compensation partner Joshua Lerner; New York tax partner Anthony Carbone; Washington D.C. antitrust partner Alexander Okuliar; Palo Alto technology transactions partner Stephanie Lynn Sharron; Austin corporate associates Ken Taylor and Eric Harper; Washington D.C. antitrust of counsel Kerry Jones; San Francisco executive compensation associate Sarah Doberneck; New York technology transactions associate Scott Chen; Los Angeles tax associate Lauren Keller; and Los Angeles real estate associates Joseph Gillman and Brendan Inman.
Read the press release.