Diversified Homebuilding and Land Development Company adds 8th Team BuilderTM to Homebuilder Family
PLANO, Texas, Oct. 24, 2018 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (Nasdaq: GRBK) (“Green Brick”) today announced the launch of Trophy Signature Homes, the 8th homebuilder in its family of Team Builders. Trophy Signature Homes will be wholly-owned by Green Brick Partners under the direction of Stewart Parker, President of Trophy Signature Homes. Mr. Parker previously served as the Dallas Division President for what is now the largest homebuilder in the nation.
“We are very excited to combine Stewart’s homebuilding track record with Green Brick Partners’ land acquisition and lot development expertise. We are off to a running start and have already purchased or optioned land for over 1,100 future homes. Construction of Trophy Signature Homes’ first home will begin in the first quarter of 2019,” said Jed Dolson, President of the Texas Region for Green Brick Partners.
The company plans to break ground on its first three neighborhoods in the coming months with new, single-family homes priced between $200,000 to $450,000.
“With the addition of Trophy Signature Homes to our family of Green Brick Team BuildersTM, we now offer homes in virtually every price point in the Dallas-Fort Worth Metroplex, the largest new home market in the nation,” said Jim Brickman, CEO of Green Brick Partners.
Trophy Signature Homes serves the Dallas-Fort Worth market’s growing need for quality, value-oriented homes, and aims to provide thoughtful design to first time and move-up homebuyers.
“We strive to provide homebuyers with thoughtfully designed communities, all the latest technology, and contemporary floor plans and designs at a price that first-time homebuyers can afford,” said Stewart Parker, President of Trophy Signature Homes.
Trophy Signature Homes will offer its homebuyers a seamless home buying experience from contract to closing in conjunction with Green Brick Mortgage and Green Brick Title.
About Green Brick Partners
Green Brick Partners, Inc. (NASDAQ: GRBK) is a diversified homebuilding and land development company. Green Brick owns a controlling interest in five homebuilders in Dallas, Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Centre Living Homes, and Trophy Signature Homes), as well as a homebuilder in Atlanta, Georgia (The Providence Group) and a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also owns a noncontrolling interest in Challenger Homes in Colorado Springs, Colorado and retains interest in related financial services platforms, including Green Brick Title, Providence Group Title, and Green Brick Mortgage. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master planned communities. For more information about Green Brick Partners Inc.'s homebuilding partners, please visit https://greenbrickpartners.com/team-builders/.
Forward-Looking Statements
Any statements in this press release about Green Brick’s expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance that are not historical facts are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as “may,” “will,” “should,” “predicts,” “potential,” “expects,” “future,” “positioned,” “believes,” “projects,” “estimates” and similar expressions, as well as statements in the future tense. These statements are based on assumptions that Green Brick has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances, as of the date of this press release. All such forward-looking statements involve estimates and assumptions that are subject to factors that could cause actual results to differ materially from the results expressed in the statements, and you should not place undue reliance on any such forward-looking statements. Among the factors that could cause actual results to differ materially are the following: general economic conditions, seasonality, cyclicality and competition in the homebuilding industry; the failure to recruit, retain and develop highly skills and competent employees; management and integration of acquisitions; labor and raw material shortages; an inability to acquire land for reasonable prices; an inability to develop and sell communities; government regulation risks; mortgage financing availability and volatility; severe weather or natural disasters; difficulty in obtaining sufficient capital; poor relations with community residents; and our debt and related service obligations. Additional factors that could cause actual results to differ are discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's annual and quarterly reports filed with the Securities and Exchange Commission. Green Brick undertakes no obligation to update any forward-looking statement except as required by law.
Contact: Shalott Cecchini
Marketing Manager
(T) 469-573-6741
scecchini@greenbrickpartners.com
www.greenbrickpartners.com