The president and CEO of Allie Beth Allman & Associates, Keith Conlon, has acquired an ownership stake in the Dallas-based luxury real estate brokerage. This investment is notable because the firm is owned by HomeServices of America, a subsidiary of Berkshire Hathaway led by Warren Buffett. The financial details of the transaction were not made public.
Conlon stated that his investment represents a formal long-term commitment to the company and will help retain top talent as mergers and acquisitions continue to reshape the real estate industry. He said, “This is the first transaction of its kind for HomeServices,” describing it as an opportunity to foster a more grassroots ownership mentality. Conlon emphasized that this move is aimed at attracting agents who value local ownership while benefiting from national resources.
Allie Beth Allman founded the brokerage in 1985. The company was acquired by HomeServices in 2015 but kept its original name and leadership structure. Allman stepped down as CEO in 2020, naming Conlon—who joined the firm in 2008—as her successor.
In a statement, Allman supported Conlon’s investment: she said it ensures that the brokerage’s local roots remain strong and called it a natural continuation of her succession plan established five years ago.
Allie Beth Allman & Associates has seen significant growth recently, closing nearly $4 billion in residential sales volume across 2,674 transactions in 2024. The firm ranked fourth among Dallas-Fort Worth brokerages by sales volume that year with 416 licensed agents. Its listings include some of North Texas’ most high-profile properties such as a University Park home listed at $35 million—the highest publicly listed residential sale price in Texas for 2025—and other notable estates like Knox Hotel & Residences, Mount Vernon on White Rock Lake, and Rachofsky House in North Dallas.
