Related Party Disclosures

3 Months Ended

Mar. 31, 2020

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

During the three months ended March 31, 2020 and 2019, the Company had the following related party transactions through the normal course of business.

Corporate Officers

Trevor Brickman, the son of Green Brick’s Chief Executive Officer, is the President of CLH20, LLC (“Centre Living”). Green Brick’s ownership interest in Centre Living is 90% and Trevor Brickman’s ownership interest is 10%. Green Brick has 90% voting control over the operations of Centre Living. As such, 100% of Centre Living’s operations are included within our condensed consolidated financial statements. During the three months ended March 31, 2020, Trevor Brickman made a $0.4 million cash contribution to Centre Living.

GRBK GHO

        GRBK GHO leases office space from entities affiliated with the president of GRBK GHO. During the three months ended March 31, 2020, GRBK GHO incurred de minimis rent expense under such lease agreements. As of March 31, 2020, 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, 2020, GRBK GHO incurred de minimis fees related to such title closing services. As of March 31, 2020, no amounts were due to the title company affiliate.