Guiding You Home The Green Brick Way
Southgate Homes
The Providence Group
About Us
Who We Are
Green Brick Partners, Inc. is a publicly-traded company listed on the New York Stock Exchange under the ticker symbol “GRBK.” We are a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida, as well as has a non-controlling 49.9% interest in a Colorado homebuilder. We build quality neighborhoods in some of the best markets in the country, interwoven with the latest technological advancements. We believe this approach enables us to provide superior value to our customers and the communities in which they live, as well as long-term returns for our investors and stakeholders.
Company History
December 2022
Named by Fortune Magazine as one of the Fastest-Growing Companies for the fourth consecutive year
December 2022
Record-breaking total revenues of $1.76B and after-tax income of $292M
December 2022
Unsecured lines of credit upsized to $325M
July 2022
Joined S&P SmallCap 600 Index
April 2022
10% share buyback
February 2022
Announced Austin expansion through Trophy Signature Homes
December 2021
Achieved total revenues above $1B for the first time
December 2021
Raised $50M through preferred shares
December 2021
Completed listing transfer and began trading on NYSE
May 2020
BHome Mortgage JV formed
April 2020
Bought 100% interest in CB JENI Homes
December 2019
Bought 100% interest in Southgate Homes
August 2019
• Initial investment grade long term note issuance with Prudential
• Total long term notes have grown to $338M as of December 31, 2022
September 2018
Founding of Trophy Signature Homes
April 2018
Asset purchase of GHO Homes
August 2017
Acquisition of 49.9% interest in Challenger Home
July 2015
Raised $174M through an oversubscribed stock offering
June 2015
Green Brick Partners joined Russell 2000 Index
March 2015
Green Brick Title formed
October 2014
• Green Brick Partners started trading on NASDAQ
• JBGL contributes its assets in a reverse IPO recapitalization
• Name change to Green Brick Partners
January 2013
Founding of Southgate Homes
November 2012
Founding of Normandy Homes
May 2012
Founding of Center Living Homes
March 2012
Asset purchase of CB JENI Homes
June 2011
Asset purchase of The Providence Group
July 2009
JBGL(Predecessor) closed first deal
“I’m excited about the future. We have the capital and organization in place to substantially grow our business.”
About Us
Business
Philosophies
We are founded on the belief that locally focused land development is the starting point for a builder’s profitability and that both homebuilding and land development are best executed on a local, decentralized basis. We manage land risk through rigorous underwriting and provide our subsidiary homebuilders with centralized state-of-the-art operational support.
We take pride in our diverse home offerings, geography, and price points that serve a wide range of customer segments and needs. This is possible through our subsidiary builder brands that are composed of seven consolidated homebuilders and one homebuilder in which we have a non-controlling interest. Each of our builders is unique and has a strategic and market niche advantage. All of our builders share the same commitment to building high-quality homes with superior craftsmanship and innovative designs. And our builders are united by our core values that we call H.O.M.E. Honesty, Objectivity, Maturity, Efficiency. Additionally, our mortgage and title operations make buying a home a seamless experience.
We also understand that our success hinges on our team. We aim to hire and retain quality, driven, and experienced employees who exemplify our HOME values. We recognize that Green Brick’s success and
future accomplishments can only be achieved through the day-to-day efforts of our team. Therefore, we seek to provide a culture that breeds success and long-term growth both for our employees and the company.
Desirable Locations
Green Brick operates in some of the best markets in the country. Our biggest markets, Dallas and Atlanta, are backed by some of the strongest demographic tailwinds and job growth in the U.S. Additionally, we build primarily in in-fill submarkets where supply is constrained. Our homes are located in desirable neighborhoods with proximity to schools, job hubs, transportation corridors, and local amenities. Development in those neighborhoods requires extensive local knowledge to address more complicated entitlement, regulatory, and zoning processes.
Diversified Award-Winning Products
We are one of the few homebuilders that offer various price points, sizes, and product types through our subsidiary builder brands. While each of our builders is unique and has its own strategic and market niche advantages, they are united by our commitment to build high-quality homes of lasting value. Our builders have won numerous industry awards for their designs and quality.
Experienced Team
Our builders and teams have deep roots in the communities they serve with decades of experience and knowledge in homebuilding and land development. We stand by and take pride in our core values we call H.O.M.E, which stands for Honesty, Objectivity, Maturity, and Efficiency. Green Brick is focused on developing a culture of commitment, hard work, and collaboration to assist in delivering consistently outstanding results. Our unwavering dedication allows us to provide a smooth homebuying experience, an outstanding product, and exceptional customer service.
Our Values
Honesty
Honesty and integrity are the foundation of any lasting business and we strive each day to treat our customers, employees, and shareholders like we would like to be treated.
Objectivity
Objectivity drives our business practices and strategies, and our goal is to make decisions utilizing best practices and available market data and information.
Maturity
The emotional intelligence of our team is integral to our success. In order to accomplish our common goals, we must be solution driven and view every challenge as an opportunity. Emotionally intelligent employees see the bigger picture and attempt each day to work collaboratively toward shared goals and successes.
Efficiency
Efficiency is the result of competent, hard-working people who perform with a competitive spirit to produce rapid and consistent results. We continually evaluate our processes and systems in an effort to remain among the most efficient in our industry.