Dive Brief:
- Berkshire Hathaway is acquiring home builder Taylor Morrison Home Corp. in an all-cash transaction for $8.5 billion, according to a May 31 press release. The transaction is expected to close in the second half of 2026, subject to customary closing conditions.
- The acquisition price of $72.50 per common share in cash represents a 24% premium to the Scottsdale, Arizona-based builder’s latest closing price of $58.50 on May 29, 2026, per the release. Taylor Morrison's existing management team, including CEO Sheryl Palmer, will stay in place. The builder delivered 12,997 homes last year and has 341 active selling communities, according to its website.
- Though more known as a single-family heavyweight, Taylor Morrison is also a major player in the rental housing industry with its Yardly brand. Currently, the firm has 5,411 units across 26 communities tracked by John Burn Research & Consulting, in data shared with Multifamily Dive.
Dive Insight:
Taylor Morrison, which had $7.76 billion in home closing revenue last year, has been a public builder for 13 years. However, the company’s needs going forward may fit better with Berkshire Hathaway’s longer-term horizon.
“Berkshire Hathaway's long-term orientation is uniquely well-suited to the multi-year investment cycle of homebuilding, and this combination will allow us to scale the Taylor Morrison platform in ways that would not be possible as a standalone company,” Palmer said.
Berkshire already has a foothold in the housing business through Clayton Homes and its building products businesses.
In July 2025, Taylor Morrison partnered with alternative investment manager Kennedy Lewis Investment Management on a land and construction financing facility agreement, according to a press release.
The agreement unlocked $3 billion in capacity for existing and new land opportunities, as well as for land development and construction costs for Taylor Morrison's Yardly projects.
"As we target optimal exit strategies for our growing pipeline of Yardly communities, this vehicle enhances our capital flexibility and return expectations," Palmer said in the release. "Ultimately, our hope is for Yardly renters to become future Taylor Morrison homeowners."
Taylor Morrison didn’t reply to a request for information about how the Berkshire Hathaway deal will affect Yardly. However, Chris Nebenzahl, vice president of rental research at Irvine, California-based John Burns, doesn’t expect to see major changes.
“I'll speak just from what I've heard publicly from Cheryl and from the Taylor Morrison folks,” Nebenzahl told Multifamily Dive. “They're still very much committed to the Yardly brand, and I would expect that to continue. That's really their foray into rental [housing].”
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