Meritage, Green Brick entities sell DFW lots to one buyer

TSHH LLC, a Plano-based entity, took title to five lots from Green Brick Partners and Meritage Homes entities and sold five other lots to investor buyers, according to 10 deeds recorded Oct. 20 to Oct. 28 across the Collin, Dallas and Denton county clerk indexes. No single county shows the pattern. It appears only when the three indexes are matched on one name.

Why it matters

For builders and agents in Dallas-Fort Worth, the deeds show a middleman sitting between national homebuilders and smaller buyers in Princeton’s newest subdivisions. The five purchases came from GRBK Edgewood LLC, which carries Green Brick Partners’ stock ticker, from Meritage Homes of Texas LLC, and from GBTM Sendera LLC, which lists GRBK Edgewood LLC as a member. The five sales went to OBV4 Real Estate Corp, Mainstreet Optimize LLC, YD Alpha LLC, Leor Group LLC and a family trust.

The numbers

The purchases cover two Eastridge Phase 8 lots in Princeton, one Seven Springs Phase 1 lot in Collin County, one Madero lot in Denton County and a Dallas County warranty deed from GRBK Edgewood LLC that covers multiple properties. The sales cover three Eastridge Phase 4 lots, one Windmore Phase 3 lot and one Southridge Phase 4 lot, all in Princeton. None of the five lots sold matches a lot bought in this window. Eight of the 10 deeds sit in Collin County. Texas deeds carry no sale price, so none of the filings puts a dollar figure on the trades. The earliest deed is dated Oct. 8.

What’s next

None of the 10 deeds is a deed of trust, so no financing tied to TSHH LLC is on record in this window. Watch for deeds of trust naming its lender, which would put a first dollar figure on the activity, and for the two Eastridge Phase 8 lots it just bought to resurface as sales to investor buyers.