Burks Ranch in Pilot Point, Texas
Pilot Point, TX, March 11, 2025 – Green Brick Partners, Inc. (NYSE: GRBK) announces the
acquisition of the first phase of an approximate 570-acre master planned development near Lake
Ray Roberts in Pilot Point, Texas. The development, known as Burks Ranch, was acquired from
Texas Republic Management and Ben Weber. This significant land transaction marks a major
milestone for Green Brick Partners as it expands its footprint in the North Texas region, bringing
much-needed housing and lifestyle amenities to the area.
Green Brick Partners plans to include a community nature preserve area, community
connectivity with open space trail corridors, and a community amenity center. The extension of
the Dallas North Tollway to G.A. Moore Parkway (FM 455) has enhanced access to the area,
making it more attractive to new homebuyers.
The acquisition of the Burks Ranch property was the result of extensive collaboration and
partnership between Green Brick Partners and Texas Republic Management. The complex
transaction involved navigating existing entitlements within the City of Pilot Point, requiring
meticulous planning and a shared commitment to realizing the property’s full potential. Caleb
Lavey and Rex Glendenning of Frisco-based REX Real Estate® handled negotiations for both
parties.
Burks Ranch will feature a strategically designed community, offering a range of affordable
single-family homes tailored to meet the needs of today’s homebuyers. Green Brick Partners is
committed to developing neighborhoods that provide exceptional value, combining quality
craftsmanship with modern amenities and desirable lifestyle features. Residents of Burks Ranch
can look forward to:
- Affordable Homes: Diverse floorplans designed to accommodate various lifestyles and
budgets.
- Upgraded Amenities: Community spaces including parks, walking trails, and
recreational areas.
- Resort-Style Pool: A luxurious pool area designed for relaxation and enjoyment
- Professionally Landscaped Environments: Beautifully maintained green spaces that
enhance the community’s appeal.
"In a market where affordability is increasingly strained, we're particularly excited to introduce
Burks Ranch to Pilot Point, Texas," stated Bobby Samuel, Executive Vice President of Land at
Green Brick Partners. "Our commitment is to deliver homes that are attainable for families,
while still providing the modern amenities and lifestyle they deserve. We believe Burks Ranch is
part of the solution to the demand for accessible, high-quality living in a rapidly growing
region."
The development of Burks Ranch underscores Green Brick Partners’ commitment to addressing
the growing demand for housing in North Texas. With its strategic location and comprehensive
amenities, Burks Ranch is poised to become a sought-after community for families and
individuals seeking a vibrant, suburban lifestyle in Pilot Point, Texas.
Further details regarding development timing and community features will be released at a later
date.
About Green Brick Partners, Inc.
Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is
a diversified homebuilding and land development company that operates through its seven
subsidiary homebuilders in Texas, Georgia, and Florida. 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 retains interests in
related financial services platforms, including Green Brick Title, Green Brick Mortgage, and
Green Brick Insurance. Green Brick 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
https://greenbrickpartners.com/brands-services/.
Green Brick Partners Contact:
Benting Hu
469-573-6755
IR@greenbrickpartners.com