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PLANO, Texas, Jan. 22, 2021 (GLOBE NEWSWIRE) Green Brick Partners, Inc. (Nasdaq: GRBK), a leading national homebuilder and land development company, today announced certain record financial and operational results for the fourth quarter and full year 2020.
Jim Brickman, CEO, stated, “2020 was a breakout year for Green Brick and we believe that we are well positioned to deliver strong growth again in 2021. We expect to report diluted earnings per share between $2.21 and $2.23 for 2020, an increase of over 90% from 2019. During the quarter, our record 848 net new orders occurred at all home builder brands and price points, outpacing our available inventory. We ended the quarter with a $687 million backlog - the highest in our history and up 98% year over year. We reacted to the supply shortage quickly and started a record breaking 1,004 homes in the fourth quarter which is up 99% over the same prior period. Put simply, short-term demand exceeded our s
Greenlight Capital Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 5.9% for the.
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Lion Real Estate Group, an investment firm focused on multifamily and creative office properties, has relocated its Los Angeles-based headquarters to Dallas. The firm has taken space at 3811 Turtle Creek Blvd. “The decision to relocate our corporate headquarters to Dallas aligns with our strategy of acquiring desirable multifamily assets outside of the urban core, both here in Texas and in other high-growth cities across the Sunbelt and Southeast,” said Jeff Weller, co-founder and managing principal of LREG.