TheNFAPost Podcast

National Homebuilding and Land Development Company Places 5th on the 2021 List

Green Brick Partners, Inc has been named to Forbes’ 2021 America’s Best Small Companies list. The national homebuilder and developer placed fifth on this year’s list of 850 companies evaluated.

Over 850 companies with market capitalisations from $300 million to $2 billion were analysed to create the list. To qualify for the top 100, companies were evaluated on earnings and sales growth for the last 12 months and over five years, one-year and five-year return on equity, along with 52-week total return as of November 25, 2020.

Green Brick Partners Co-Founder and Chief Executive Officer Jim Brickman said the company is exceptionally pleased to be included in Forbes’ list and to be noted as one of America’s fastest-growing residential developers.

“With demand for new homes at the highest levels in more than a decade, Green Brick has successfully continued to grow and expand its community count year over year,” said Jim Brickman.

Earlier this week the company announced the acquisition and development of five new communities in the Dallas-Fort Worth market that will include the company’s Trophy Signature Homes, CB JENI Homes, Normandy Homes, and Southgate Homes Team Builder brands.

Green Brick Partners Chief Operating Officer and Executive Vice President Jed Dolson said though the company’s proven track record of risk-adjusted growth, strong returns, and position in many of the best markets were integral to allowing it to place on this list, Green Brick Partners still has a long pathway towards future growth.

“With our dramatic growth in lots owned and controlled and record starts of over 700 units in Q3 2020, we are confident that we have the necessary inventory levels to achieve significant growth in 2021 and beyond,” said Jed Dolson.

Green Brick Partners’ neighborhoods offer homes with floorplans designed to meet buyers’ evolving needs including ample outdoor space and separate home offices, at reasonable price points in some of the best and most diversified growth markets in the country.

Green Brick Partners, Inc. (Nasdaq: GRBK) is a diversified homebuilding and land development company. Green Brick owns four homebuilders in Dallas, Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes), as well as a controlling interest in homebuilders in Atlanta, Georgia (The Providence Group), Port St. Lucie, Florida (GHO Homes), and Dallas, Texas (Centre Living Homes).

The company 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, BHome Mortgage, and Green Brick Mortgage.

Green Brick Partners is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighbourhoods and master-planned communities.

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