PLANO, Texas, Jan. 16, 2019 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (Nasdaq: GRBK) (“Green Brick”) is pleased to announce that Green Brick Partners’ subsidiary, Southgate Homes, has completed construction on its model home in Edgewood Frisco, located at 8192 Cabernet St Frisco, TX 75035.
Southgate plans to build 97 homes in the community, ranging from 2,813–4,513 square feet with 3-5 bedrooms and 3-5.5 bathrooms. Home prices start from the mid $500’s on 55' wide home sites, to the mid $700's on 74' wide home sites.
“Southgate is very excited to be in another great Green Brick Partners development in Frisco. We are off to a great start with multiple early sales,” said Jay Hankla, President of Southgate Homes. “We have a unique feel with a heavily wooded site, top-end community amenities, and a location much further south than many other newer Frisco communities. Edgewood is set up to be a winner!”
In addition to being in close proximity to highway 121 and some of Frisco ISD’s best schools, Edgewood offers residents a community pool and activity center, lush landscaping, walking trails, and a large onsite playground.
“Edgewood consists of 354 homes with dozens of floorplans to choose from four of DFW’s best homebuilders including Southgate Homes, Green Brick subsidiary Normandy Homes, Meritage Homes, and Toll Brothers in the heart of Frisco, Texas,” said Jed Dolson, Texas Regional President of Green Brick Partners.
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.