Green Brick Partners, Inc. Announces the Acquisition and Development of Five Communities in Dallas-Fort Worth
January 05, 2021 at 06:40 pm
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Green Brick Partners, Inc. announced the acquisition and development of five communities across the Dallas-Fort Worth metroplex for over 2,000 homes. The communities will be located in the cities of Red Oak, Prosper, Celina, and Princeton, Texas. Of the five communities, two will be expansions into future phases of existing communities and three will be new neighborhoods. The five new neighborhoods include Phase II and III expansions into Oakmont Park in Red Oak Texas, where Green Brick Partners’ subsidiary Team Builder, Trophy Signature Homes, has already experienced extensive success in Phase I, and expansions into Windsong Ranch in Prosper, Texas through Green Brick’s Trophy Signature Homes and Southgate Homes brands. New developments will include Wilson Creek Meadows in Celina, Eastridge in Princeton, and Celina Hills in Celina. The three communities will include a mixture of single-family and townhomes and will include Green Brick’s Trophy Signature Homes, CB JENI Homes, and Normandy Homes brands.
Green Brick Partners, Inc. is a diversified homebuilding and land development company. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, title and mortgage services, marketing and sales and the creation of brand images at its residential neighborhoods and master planned communities. The Company operates through three segments: Builder operations Central, Builder operations Southeast, and Land development. The Builder operations Central segment represents operations by its builders in Texas. The Builder operations Southeast segment represents operations by its builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to its controlled builders or sold to third party homebuilders. The Company owns or controls approximately 28,700 home sites in high-growth submarkets.