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Green Brick Partners, Inc and Centre Living Homes Announce Centre Living @ Bluffview

1213 Days ago

Green Brick Partners, Inc. Team Builder, Centre Living Homes, is slated to begin construction on Centre Living @ Bluffview, a 33-home community in Dallas, Texas

PLANO, Texas, Jan. 30, 2019 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (Nasdaq: GRBK) (“Green Brick”) in conjunction with its subsidiary Team Builder™, Centre Living Homes, is pleased to announce its newest community, Centre Living @ Bluffview.

The gated, 33-home community will be centrally located in Dallas, Texas along Northwest Highway and will feature Dutch modern inspired architecture designed by Clinton + Company Architects.

“We are incredibly excited about the prospect of bringing such a unique community to Dallas' Bluffview Midway Hollow Area. It was our goal to create a space that feels modern but still grounded in nature, so in our design we incorporated over an acre of community greenspace,” said Trevor Brickman, President of Centre Living Homes. “This will allow buyers to live in close proximity to everything the heart of the city has to offer, while providing ample privacy and a retreat from city life.”

Centre Living Homes plans to offer 2-story townhomes homes across 3 floorplans that range from 2,200 to 2,700 square feet. All homes in the community will feature three bedrooms and boast a variety of amenities including oversized master walk-in closets, walk-in pantries, lounges in the master bedrooms, expansive terraces, and views of private greenbelts.

“Centre Living @ Bluffview has many qualities that homebuyers in the Bluffview and Midway Hollow Area look for; a prime location in close proximity to shopping, restaurants, recreation and a short commute to downtown Dallas. With limited new home opportunities in the area, we anticipate extremely high interest from buyers looking for a lock-and-leave lifestyle in the heart of Dallas, ” said Jed Dolson, President of the Texas Region for Green Brick Partners.

Construction for Centre Living @ Bluffview is slated to begin early March 2019. Base prices are anticipated to start from the $500’s.

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.

Contact: Shalott Cecchini
Marketing Manager
(T) 469-573-6741

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/35897e43-a292-4230-b559-b4759a7b5afa

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