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Tri Pointe Homes

From Alfawiki
Tri Pointe Homes, Inc.
Company typePublic
IndustryHome construction
FoundedApril 2009; 17 years ago (2009-04) in Irvine, California, United States
FounderDoug Bauer, Tom Mitchell, Mike Grubbs
Headquarters
Incline Village
,
United States
Area served
Arizona, California, Nevada, Washington, Colorado, Texas, District of Columbia, Maryland, North Carolina, South Carolina, Virginia
ProductsHome construction; financing and insurance solutions for homebuyers
Revenue$3.97 billion (2021)
$469 million (2021)
Websitewww.tripointehomes.com

Tri Pointe Homes, Inc. is a home construction firm based in Incline Village, Nevada, offering financing and insurance solutions to its homebuyers. The company operates in multiple states including Arizona, California, Nevada, Washington, Colorado, Texas, as well as the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia.[1] Positioned as the 18th largest homebuilder in the United States by number of homes closed,[2] Tri Pointe completed 6,188 new home deliveries in 2021, generating $3.97 billion in revenue and achieving a net income of $469 million.

History

Tri Pointe Homes was established in April 2009 in Irvine, California by founders Doug Bauer, Tom Mitchell, and Mike Grubbs. In 2010, the company secured $150 million in financing from Starwood Capital.[3]

The company became publicly traded through an initial public offering in January 2013.[4]

In July 2014, Tri Pointe expanded its reach by acquiring Weyerhaeuser Real Estate Company (WRECO) for $2.8 billion. This acquisition incorporated several brands into its portfolio such as Quadrant Homes (serving the Seattle region), Pardee Homes (California and Nevada), Maracay Homes (Arizona), along with others operating in Texas and the Mid-Atlantic region.[5][6]

To enhance operational efficiency and unify marketing efforts, Tri Pointe consolidated all its subsidiaries under the single Tri Pointe Homes brand in January 2021.[7][8]

Awards and recognition

TRI Pointe Group earned the Builder of the Year title from Builder and Developer magazine in 2019. Additionally, it was recognized on Fortune's list of the 100 Fastest-Growing Companies in 2017 and received Builder magazine's Builder of the Year Award in 2015.

External links

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