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 move is notable because the firm is owned by HomeServices of America, which is part of Warren Buffett’s Berkshire Hathaway. The financial details of the transaction were not made public.
Conlon stated on Monday that his investment represents a long-term commitment to the company and aims to help retain top agents as industry consolidation continues through mergers and acquisitions. He said, “This is the first transaction of its kind for HomeServices,” describing it as an opportunity to reintroduce a more “grassroots” ownership mentality. Conlon explained that this approach could attract agents who value a locally owned atmosphere while still benefiting from national resources.
Allie Beth Allman founded the brokerage in 1985. The company was purchased by HomeServices in 2015 but has continued operating under its original name and leadership. Allman stepped down as CEO in 2020, naming Conlon—who joined the firm in 2008—as her successor.
Allman supported Conlon’s investment, saying it helps preserve the firm’s local heritage and fits with her succession plan established five years ago. She said Conlon’s buy-in ensures that “the brokerage’s local roots remain intact.”
In recent years, Allie Beth Allman & Associates has seen strong performance due to North Texas’ population growth and increased corporate relocations. In 2024, the firm completed nearly $4 billion in residential sales across 2,674 transactions and ranked as the fourth-largest brokerage by sales volume in Dallas-Fort Worth with 416 licensed agents.
The brokerage is known for handling some of Dallas’ highest-profile listings, such as a University Park home that was Texas’ most expensive publicly listed residence in 2025 at $35 million. Other properties include Knox Hotel & Residences, Mount Vernon estate on White Rock Lake, and Rachofsky House in North Dallas.
