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Related Party Transactions
3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions
RELATED PARTY TRANSACTIONS

During the three months ended March 31, 2019 and 2018, the Company had the following related party transactions through the normal course of business.

Academy Street
In March 2016, the Company purchased undeveloped land for an eventual 83-lot community, Academy Street in Atlanta. Simultaneously, the Company entered into a partnership agreement with an entity affiliated with the president of The Providence Group of Georgia, L.L.C. (“TPG”) to develop the land for sale of the lots to TPG.

Contributions and profits are shared 80% by the Company and 20% by the affiliated entity. The Company has consolidated the entity’s results of operations and financial condition into its financial statements based on its 80% ownership.

Final capital distributions were made during the year ended December 31, 2018, and the affiliated entity has ceased its activity.

Suwanee Station
In March 2016, the Company purchased undeveloped land for a 73-unit townhome community, Suwanee Station in Atlanta. Simultaneously, the Company entered into a partnership agreement with an entity affiliated with the president of TPG to develop the land for sale of the lots to TPG. Contributions and profits are shared 50% by the Company and 50% by the affiliated entity.

During the three months ended March 31, 2019 and 2018, TPG purchased 6 and 8 lots within the community for $0.3 million and $0.5 million, respectively. As of March 31, 2019, there were 7 lots remaining to be sold.

Total capital contributions as of March 31, 2019 were $2.5 million. There were no contributions made to the partnership in the three months ended March 31, 2019 or 2018.

Total capital distributions as of March 31, 2019 were $2.7 million. Total distributions made by the partnership during the three months ended March 31, 2019 and 2018 were $0.4 million and $0.7 million, respectively, of which $0.2 million and $0.3 million, respectively, were paid to the Company.

The Company holds two of the three board seats and is able to exercise control over the operations of the partnership and therefore has consolidated the entity’s results of operations and financial condition into its financial statements.

Corporate Officers
Trevor Brickman, the son of Green Brick’s Chief Executive Officer, is the President of Centre Living Homes, LLC (“Centre Living”). Green Brick’s ownership interest in Centre Living is 50% and Trevor Brickman’s ownership interest is 50%. Green Brick has 51% voting control over the operations of Centre Living. As such, 100% of Centre Living’s operations are included within our condensed consolidated financial statements.

GRBK GHO
GRBK GHO leases office space from entities affiliated with the president of GRBK GHO. During the three months ended March 31, 2019, GRBK GHO incurred de minimis rent expense under such lease agreements. As of March 31, 2019, there were no amounts due to the affiliated entities related to such lease agreements.
    
GRBK GHO receives title closing services on the purchase of land and third-party lots from an entity affiliated with the president of GRBK GHO. During the three months ended March 31, 2019, GRBK GHO incurred de minimis fees related to such title closing services. As of March 31, 2019, no amounts were due to the title company affiliate.