Tri Pointe Homes

Tri Pointe Homes, Inc. is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia.[1] The company is the 18th largest home construction company in the United States based on the number of homes closed.[2]

Tri Pointe Homes, Inc.
FormerlyTRI Pointe Group, Inc.
(2014–2020)
TypePublic company
NYSETPH
S&P 600 component
IndustryHome construction
FoundedApril 2009; 13 years ago (2009-04) in Irvine, California, U.S.
HeadquartersIncline Village, Nevada
Key people
Douglas F. Bauer, CEO
Thomas J. Mitchell, COO
Glenn J. Keeler, CFO
Production output
6,188 new home deliveries
RevenueIncrease $3.970 billion (2021)
Increase $469 million (2021)
Total assetsIncrease $4.336 billion (2021)
Total equityIncrease $2.447 billion (2021)
Number of employees
6,182 (2021)
Websitetripointehomes.com
Footnotes / references
[1]

HistoryEdit

Tri Pointe was founded in April 2009 in Irvine, California by Doug Bauer, Tom Mitchell, and Mike Grubbs. In 2010, it received $150 million in financing from Starwood Capital.[3]

In January 2013, Tri Pointe became a public company via an initial public offering.[4]

In July 2014, Tri Pointe acquired Weyerhaeuser Real Estate Company (WRECO), which constructed homes under the names Quadrant Homes (greater Seattle and Puget Sound area), Pardee Homes (California and Nevada), Maracay Homes (Arizona), Trendmaker Homes, Avanti Custom Homes, Texas Casual Cottages (Texas), Winchester Homes, Camberley Homes, and Everson Homes (Maryland and Virginia).[5][6]

In January 2021, the company changed its corporate name and rebranded all of its subsidiaries under the name Tri Pointe Homes.[7][8]

Awards and recognitionEdit

TRI Pointe Group was named 2019 Builder of the Year by Builder and Developer magazine, recognized in Fortune magazine’s 2017 100 Fastest-Growing Companies list, and garnered the 2015 Builder of the Year Award by Builder magazine.[9]

ReferencesEdit

  1. ^ a b "Tri Pointe Homes, Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "The Top 100". Zonda.
  3. ^ Shanesy, Lauren (May 2, 2018). "The Recession Didn't Slow Down This Builder". Builder Magazine.
  4. ^ Daniel, Robert (January 31, 2013). "Tri Pointe Homes IPO up 15% over $17 price". MarketWatch.
  5. ^ "TRI Pointe Homes Closes $2.8 Billion Merger with Weyerhaeuser Real Estate Company" (Press release). Tri Pointe Homes. July 8, 2014.
  6. ^ Hudson, Kris (July 7, 2014). "With Merger Closed, TRI Pointe Homes to Focus on Expansion, New Services". The Wall Street Journal.
  7. ^ "Homebuilder Tri Pointe rebranding local builders under one name". Orange County Register. January 20, 2021.
  8. ^ Gonzales, Angela (January 27, 2021). "Maracay name dropped in Arizona — hello Tri Pointe Homes". American City Business Journals.
  9. ^ "TRI Pointe Group, Inc. Announces Corporate Name Change" (Press release). Globe Newswire. January 5, 2021.

External linksEdit