Green Brick Partners, Inc. Announces Offering of Depositary Shares and Series A Cumulative Perpetual Preferred Stock

PLANO, Texas, Dec. 15, 2021 (GLOBE NEWSWIRE) — (NYSE: GRBK) Green Brick Partners, Inc., (the “Company”), today announced it has commenced an underwritten registered public offering of 2,000,000 depositary shares, each representing a 1/1000th fractional interest in a share of the Company’s Series A Cumulative Perpetual Preferred Stock, with a liquidation preference of $25.00 per depositary share, to raise anticipated gross proceeds of $50.0 million before deducting transaction expenses, subject to market and certain other conditions.  The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering.

The Company expects to use the net proceeds of this offering for general corporate and working capital purposes, which may include expansion of the business, repurchases of its common stock under the Company’s authorized plan, and repayment of debt.

BTIG, LLC is acting as sole book-running manager for this offering. InspereX LLC and Janney Montgomery Scott LLC are acting as co-managers for this offering.

The offering of these securities is being made pursuant to an effective shelf registration statement on Form S-3, which was initially filed with the Securities and Exchange Commission (the “SEC”) on November 25, 2020 and declared effective by the SEC on December 4, 2020.  The offering of these depositary shares will be made only by means of a prospectus and prospectus supplement. 

A copy of the prospectus and prospectus supplement relating to these securities may be obtained, when available, from the website of the SEC at or by contacting: BTIG, LLC, 65 East 55th Street, New York, NY 10022, email:

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Green Brick Partners, Inc.

Green Brick Partners, Inc. is a diversified homebuilding and land development company. Green Brick owns five subsidiary homebuilders in Dallas, Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in 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, Green Brick Mortgage, and BHome 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 subsidiary homebuilders, please visit

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts and typically include the words “anticipate,” “believe,” “consider,” “estimate,” “expect,” “feel,” “intend,” “plan,” “predict,” “seek,” “strategy,” “target,” “will” or other words of similar meaning. Forward-looking statements in this press release include statements regarding the terms and conditions and timing of the offering and the intended use of proceeds. These forward-looking statements reflect the Company’s current views about future events and involve estimates and assumptions which may be affected by risks and uncertainties in its business, as well as other external factors, which could cause future results to materially differ from those expressed or implied in any forward-looking statement. These risks include, but are not limited to, market conditions and the risk that the offering cannot be successfully completed on the anticipated terms, or at all.   For a more detailed discussion of these and other risks and uncertainties applicable to the Company and the offering, please see the prospectus supplement related to the offering and the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.   The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances except as required by law.

For inquiries regarding Green Brick Partners, Inc., please contact the following persons:

Investors Relation Contacts Media Contact
Richard A. Costello, Chief Financial Officer Shalott Cecchini, Director of Marketing


Corporate Headquarters:
2805 Dallas Parkway Ste 400
Plano Texas, 75093

Phone: 469-573-6755

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