PLANO, Texas, June 22, 2018 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (NASDAQ:GRBK) announced that certain of its stockholders affiliated with Third Point LLC priced a registered underwritten public offering of 7,140,233 shares of the Company’s common stock at a price to the public of $9.50 per share. The offering is expected to close on June 26, 2018, subject to customary closing conditions. The selling stockholders have granted the underwriters a 30-day option to purchase up to 1,071,034 additional shares of the Company’s common stock.

The Company is not issuing or selling any shares of its common stock in the offering and will not receive any proceeds from the sale of shares by the selling stockholders.

Citigroup, Credit Suisse and J.P. Morgan are joint book-running managers for the offering. BTIG and JMP Securities are acting as co-managers for the offering.

About Green Brick Partners:

Green Brick Partners, Inc. (NASDAQ:GRBK) is a diversified homebuilding and land development company. Green Brick owns a controlling interest in four homebuilding companies in Dallas, Texas (CB JENI Homes of DFW LLC, Normandy Homes (a division of CB JENI), Southgate Homes DFW LLC, and Centre Living Homes, LLC), as well as a homebuilder in Atlanta, Georgia (The Providence Group of Georgia, LLC) and a homebuilder in Port St. Lucie, Florida (GRBK GHO Homes, LLC). Green Brick also owns a non-controlling interest in Challenger Homes in Colorado Springs, Colorado. The Company is engaged in all aspects of the homebuilding process, including land acquisition and the development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master planned communities.