Green Brick Partners, Inc. (NYSE: GRBK), a leading national homebuilder and land development company, has announced the pricing of a secondary offering of 850,000 shares of its common stock held by an investment fund, at a public offering price of US$45.75 per share. An affiliate of Greenlight Capital, Inc. serves as an investment adviser to the investment fund and may be deemed to beneficially own the shares being sold. Green Brick did not offer any shares of its common stock and will not receive any of the proceeds from the sale of the shares in the Offering. The Offering is expected to close on September 8, 2023, subject to the satisfaction of customary closing conditions.
Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Ian Schuman, Michael Benjamin, and Adam Gelardi, with associates Danny Shulman, Alexandra Kustra, and Ilan Lavian.