Zonda Acquires Phoenix-Based Belfiore Real Estate Consulting
Acquisition Builds Zonda’s National Reach in a Growing Arizona Market
November 24, 2020
COSTA MESA, Calif., Nov. 24, 2020 – Zonda, formerly known as Hanley Wood | Meyers Research, today announced the acquisition of Belfiore Real Estate Consulting (“Belfiore”), a leading full-service residential market research firm based in the Phoenix area. Zonda and Belfiore Real Estate Consulting share a passion for helping customers access expert advice and builder data for real-time market clarity. This acquisition further accelerates Zonda’s reach throughout Arizona and enhances data and advisory services for homebuilders currently building or looking to build in the Grand Canyon State.
“Zonda’s purpose is to inform, advise and connect the next generation of housing industry experts,” said Jeff Meyers, CEO of Zonda. “Our insights, data products, and advisory services help our clients stay ahead, and we look forward to further anchoring ourselves within one of the fastest growing new homebuilding markets.”
The Arizona market has not only recovered from a COVID-19-related slump but is now thriving due to buyer migration and low mortgage rates. This demand for housing has created a great opportunity for homebuilders and generates a clear need for the robust offerings only Zonda can provide. Zonda is a leading national data-driven housing market solutions provider for the homebuilding industry, and Belfiore Real Estate Consulting is one of the top local providers in the Phoenix market. Together, the companies will expand current offerings for homebuilding partners to unleash the most complete view of where the market is headed and clear, actionable information to help customers make smarter decisions and grow their businesses.
“Prior to starting Belfiore Real Estate Consulting 15 years ago, I worked with Jeff Meyers, Tim Sullivan, and the Zonda Team in various companies for a decade,” said Jim Belfiore, Founder and President of Belfiore Real Estate Consulting. “Coming together to help the real estate community with our collective data and advisory services is a dream come true.”
Seasoned industry expert Jim Belfiore brings more than 20 years of industry experience to the Zonda portfolio. He founded Belfiore Real Estate Consulting in 2006 and, along with his team, helped grow the company into a top full-service residential research firm in the Phoenix area.
“We couldn’t be more excited to join forces with Belfiore Consulting to better serve our customers and expand expertise and offerings in the Phoenix area,” added Meyers.
After being purchased and merged in late 2018 by MidOcean Partners, Hanley Wood | Meyers Research focused on a seamless and streamlined approach for shared clients to access housing data and information. The company acquired Bird.i, a satellite imagery and artificial intelligence (AI) technology company, earlier this year further evolving the brand into a leading data, research and technology company. In October 2020, Hanley Wood | Meyers Research rebranded to Zonda.
Zonda serves a diverse cross-category audience, including homebuilders, land brokers and developers, mortgage lenders, finance, building product manufacturers, and many more.
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Zonda represents the housing industry's leading provider of rich data and the industry's top advisors for residential real estate development and new home construction. With products and services geared for homebuilders, multifamily developers, lenders, and financial institutions, we provide innovative solutions to maximize opportunities in today's real estate development landscape. To learn more, visit zondahome.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
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