Green Brick Partners, Inc. Announces Promotion of Jed Dolson to President

PLANO, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Green Brick Partners, Inc. (NYSE: GRBK) (the “Company” or “Green Brick”) today announced the promotion of Jed Dolson to President and Chief Operating Officer. This announcement recognizes the significant contributions and leadership of Mr. Dolson that have played an integral role in Green Brick’s growth, including being named by Fortune Magazine the past four years as one of the fastest growing public homebuilders and land development companies in the country.

Mr. Dolson first joined Green Brick in 2010, serving as our primary development consultant. Mr. Dolson then served from 2013-2017 as Green Brick’s Head of Land Acquisition and Development. From 2017 to 2020, Mr. Dolson served as the President of the Texas Region until his promotion to Executive Vice President and Chief Operating Officer in September 2020. Mr. Dolson received a bachelor’s degree in civil engineering from Texas A&M University and a master’s degree in Civil Engineering from Stanford University.

James Brickman, a Co-Founder and CEO of Green Brick, said, “Jed and I have worked side by side for almost 14 years. He understands our business top-down and bottom-up, earning his way to this position of leadership by working tirelessly day-after-day and year-after-year in all aspects of our business. Jed exemplifies our values set forth in the acronym H.O.M.E. based on the way he approaches every area of our company, including working with our trade partners, development and strategic partners, and guiding our employees with honesty, objectivity, maturity, and efficiency. His strategic and disciplined approach to our operations has led to Green Brick’s success, including overseeing the growth of our 7 subsidiary builder brands. Jed has also spearheaded the astounding expansion of one of those builders, Trophy Signature Homes, which has gone from starting from scratch in 2018 to one of the leading builders in the Dallas-Fort Worth area, as well as Trophy’s successful launch in the Austin market this year.”

David Einhorn, a Co-Founder and Chairman of the Green Brick Board of Directors, said, “Jed is knowledgeable, genuine, driven, and has been an invaluable member of the Company’s management team. Jed and Jim have served as a dynamic duo that have built Green Brick from a homebuilding company that sold less than a dozen homes in its first year in 2009 to a publicly traded homebuilding and land development company that generated revenue in excess of $1.7 billion last year with some of the best performance metrics of any homebuilder. I look forward to continuing to work directly with Jed in his new role as President as part of the next chapter of the Green Brick story.”

Mr. Dolson said, “I am honored and privileged to have helped Green Brick reach levels I would never have imagined back when I first started at the company. But I am even more excited about the runway for growth I see for Green Brick over the next several years. With the strong financial and operational platform we’ve built and, most importantly, the team we have assembled, I am confident we are heading to a bright future.”

About Green Brick Partners, Inc.
Green Brick Partners, Inc. is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida and has a non-controlling interest in a Colorado homebuilder. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in 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 and BHome 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 subsidiary homebuilders, please visit greenbrickpartners.com/homebuilders.

Forward-Looking and Cautionary Statements:
This press release contains “forward-looking statements”, within the meaning of the Private Securities Litigation Act of 1995, regarding our future operations and financial results and our ability to take advantage of our future growth opportunities. These forward-looking statements reflect our current views about future events and involve assumptions which may be affected by risks and uncertainties in our business, as well as other external factors, which could cause future results to materially differ from those expressed or implied in any forward-looking statement. These risks include, but are not limited to: (1) our inability to successfully execute our strategies, including an inability to grow our operations or expand our Trophy brand; (2) our inability to implement new strategic investments; (3) difficulty in obtaining sufficient capital to fund our growth; and (4) our ability to meet our debt service obligations. For a more detailed discussion of these and other risks and uncertainties applicable to Green Brick please see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Contact:  
Benting Hu
Vice President of Finance
469-573-6755
IR@greenbrickpartners.com