ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Market Place: A New Master-planned Residential Neighborhood by The Providence Group to Begin Development in Cumming, GA

The Providence Group, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), and a highly respected top ten builder in Atlanta, announced today the acquisition of a 93.4 acre tract in Cumming, which is within minutes of Georgia 400 and Cumming City Center. This community will be the third venture by The Providence Group in this fast-growing, highly sought-after market.

The gated community will include a blend of home designs across 444 homesites at prices expected to range from the mid $500’s to the high $800’s. The Providence Group will feature traditional single family homes offering both alley entry and front entry designs on 244 homesites. Additionally, the community will include 200 three-story, alley entry townhomes.

Consistent with The Providence Group’s decades long history and mission, the neighborhood will offer an elevated lifestyle with amenities such as a clubhouse, pool, pickleball courts and extensive open greenspace. Yard maintenance will also be included as one of the amenities offered by the HOA. The neighborhood’s prime location further offers close proximity to local dining, shopping and recreational activities. Northside Hospital is also conveniently located one exit away on Georgia 400.

“We are excited to begin development of this amazing new community in Cumming,” said Warren Jolly, President of The Providence Group. “It will be our third community in this growing market area, and we couldn’t be more thrilled with the location and the opportunity.”

About The Providence Group

Celebrating a legacy of over 20 years of success in the homebuilding industry, The Providence Group continues to develop and build award-winning communities fulfilling its mission to provide Lifestyle, Location and Luxury to its growing family of homeowners. Throughout its long history, the company has built well-crafted homes in on-of-a-kind communities in the most sought-after locations in and around Atlanta, offering an unsurpassed, low-maintenance lifestyle for residents and enhancing the value of surrounding neighborhoods. Each location is intentionally selected for accessibility and proximity to the best school districts, entertainment, shopping and dining options, and every neighborhood is outfitted with amenities tailored for the lifestyle of the area. In 2011, The Providence Group entered a financial partnership with JBGL Builder Finance which subsequently became Green Brick Partners, Inc., a diversified homebuilding and land development company listed on the New York Stock Exchange under the ticker symbol “GRBK”. With Green Brick’s financial and operational support, The Providence Group has been able to combine its local expertise with the financial liquidity of a national, public homebuilder. Visit theprovidencegroup.com to learn more.

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 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 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 https://greenbrickpartners.com/brands-services/

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  229.53
+0.42 (0.18%)
AAPL  278.78
-1.92 (-0.68%)
AMD  217.97
+1.99 (0.92%)
BAC  53.95
+0.07 (0.13%)
GOOG  322.09
+3.70 (1.16%)
META  673.42
+11.89 (1.80%)
MSFT  483.16
+2.32 (0.48%)
NVDA  182.41
-0.97 (-0.53%)
ORCL  217.58
+3.25 (1.52%)
TSLA  455.00
+0.47 (0.10%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.