Green Brick Partners, Inc. (NYSE: GRBK-PA)

Green Brick Partners, Inc. is a diversified homebuilding and land development company. The firm acquires and develops land builds homes through seven builder brands and provides title mortgage and insurance agency services. It operates in the high growth United States metropolitan areas of Dallas Fort Worth Austin Houston Atlanta and the Treasure Coast Florida region. The company designs constructs and markets single family homes townhomes condos patio homes and luxury residences. It also creates master planned communities with amenities and manages the full homebuilding process from land entitlement to closing.

Revenue comes primarily from the sale of homes built by its subsidiary builders. The company also earns fees from mortgage origination through its wholly owned subsidiary GRBK Mortgage and from title and insurance services offered by Green Brick Title and Green Brick Insurance. Additionally it generates income by selling finished lots to third party developers and by providing construction funding and strategic planning to its builder operations. The firm’s revenue base is diversified across multiple price points and product types reflecting its seven distinct builder brands.

The company operates through the following segments.

• Trophy Signature Homes LLC operates as a wholly owned builder focusing on single family homes in the Dallas Fort Worth Austin and Houston markets with price points ranging from the mid $200s to the mid $700s.

• CB JENI Homes DFW LLC is a wholly owned builder that constructs townhomes in the Dallas Fort Worth area offering homes priced from the mid $200s to the mid $600s.

• Normandy Homes LLC is a wholly owned builder that builds single family homes in the Dallas Fort Worth market with prices ranging from the mid $400s to over $1 million.

• SGHDAL LLC operates as a wholly owned builder that develops luxury homes in the Dallas Fort Worth sector with price points from the mid $700s to over $1.5 million.

• CLH20 LLC is a ninety percent owned builder that provides single family homes and townhomes in the Dallas Fort Worth region with prices ranging from the mid $300s to the upper $800s.

• The Providence Group of Georgia LLC is a fifty percent owned builder that serves the Atlanta market delivering townhomes condominiums and single family homes priced from the mid $400s to over $1.8 million.

• GRBK GHO Homes LLC is an eighty percent owned builder that focuses on patio homes and single family residences in the Treasure Coast Florida area with price points from the high $300s to over $2.8 million.

Green Brick Partners, Inc. holds a strong position as a leading lot developer in its core markets of Dallas Fort Worth Austin Houston Atlanta and Treasure Coast Florida. The company differentiates itself through a disciplined land acquisition process a focus on high growth sunbelt markets and a diversified portfolio of seven builder brands that serve multiple price points. Its vertical integration spanning land development homebuilding and financial services provides operational efficiencies and greater control over the homebuying experience. The firm maintains a conservative leverage profile which enhances its ability to weather market cycles. While it competes against larger national and regional homebuilders that have greater resources and longer operating histories its disciplined approach and local expertise enable it to capture attractive land opportunities and deliver quality homes.

The company serves individual homebuyers seeking a range of housing options from entry level single family homes to luxury residences. Its buyer profile includes first time purchasers move up buyers and those looking for upscale amenities in master planned communities. The firm also works with third party developers who purchase finished lots for their own construction projects. No individual customer names are disclosed in the filing.