PLANO, TX– (MARCH 28, 2019) – Green Brick Partners, Inc. (Nasdaq: GRBK) (“Green Brick”) announced today the appointment of Grant Wood as President of Green Brick Title, a subsidiary of Green Brick Partners. Mr. Wood will expand the Green Brick Title brand into the luxury urban core of Dallas County, complementing the brand’s substantial presence in the Dallas metroplex.

“Green Brick Partners is committed to providing our homebuyers with a streamlined purchase process. An efficient title company, working in conjunction with Green Brick Mortgage, is integral to the success of this process,” said Jim Brickman, CEO and co-founder of Green Brick Partners. “Mr. Wood is a highly experienced and respected executive, and we are confident that he will excel in this new position.”

In addition to being an attorney of 13 years, Mr. Wood has successfully represented residential and commercial real estate clients, family offices, energy companies, and most recently has headed a national title company’s Texas operations.

“Buyers, sellers, agents, and their brokers demand seamless escrow and title insurance services assured by industry leading technology and guidance. Our vision is to utilize Green Brick’s substantial fiscal strength and market sophistication to leverage our highly regarded title operations team into the Metroplex’s legacy housing markets, providing dependable solutions in an evolving real estate industry,” said Grant Wood, President of Green Brick Title.

Future plans for the brand include enhancing Green Brick Title’s footprint across regional markets served by Green Brick Partners’ Team BuildersTM.

 

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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