PLANO, TX– (OCTOBER 18, 2019) – Green Brick Partners, Inc. (Nasdaq: GRBK) (“Green Brick”) is pleased to announce that Green Brick Partners’ subsidiary, Trophy Signature Homes (Trophy), has completed construction on its first model home in their entry-level Trophy Series. The home, located at 5521 High Bank Rd, Fort Worth, Texas, will open to the public during the grand opening celebration from 12pm – 2pm on Friday October 25th, 2019.
Trophy Signature Homes will be offering eight plans between 1,634 and 2,700 square feet in the Ventana community. Plans range from 3-5 bedrooms, 2-3 bathrooms and each home features Trophy Signature Homes’ standard upgrades including tankless water heaters, extensive canned lighting, home automation packages, modern fireplaces, and spray foam insulation.
“Our goal was to meet the market’s ever-growing need for quality, affordable homes but offer buyers additional luxury extras that are not traditionally included as standard features,” said Stewart Parker, President of Trophy Signature Homes. “Our unparalleled focus on our customers and meticulous attention to detail allows us to create unique and lasting homes that set our customers on a path to a better way of lifeTM.
The 500-acre master-planned community is located just minutes from downtown Fort Worth and offers stunning views of rolling pastures and the Fort Worth skyline. The community now features a newly opened 2,400 square-foot open-air pavilion, a resort-style pool, outdoor grills and family dining areas, an event lawn, and miles of walking trails – all with the active family in mind.
“Trophy has been steadily building a reputation as a superior quality builder in Frisco and we eagerly await the public’s response to their entry level product,” said Jed Dolson, President of the Texas Region for Green Brick Partners.
Trophy will construct 265 homes in the community priced from the $250’s. Inventory homes will be available for move-in as early as November.
About Green Brick Partners, Inc.:
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 interests 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 and Cautionary 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.
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