Tri Pointe Homes

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Tri Pointe Homes, Inc.
FormerlyTRI Pointe Group, Inc.
(2014–2020)
TypePublic company
IndustryNew residential homebuilder
Founded2009; 13 years ago (2009) in Irvine, California, U.S.
HeadquartersIncline Village, Nevada, U.S.[1]
Key people
  • Douglas Bauer (CEO)
  • Thomas Mitchell (COO)
  • Glenn Keeler (CFO)
RevenueUS$2.81 billion (2017)[2]
Number of employees
1,140
Websitetripointehomes.com

Tri Pointe Homes, Inc. is an American home building company founded in Irvine, California, in 2009. It constructs first to luxury single family homes and townhomes. The company operates in 10 states of the Western and Southern United States and offers financing and insurance services to homebuyers.[3][4][5][6][7][8][9]

As of January 2021, Tri Pointe is the 16th-largest homebuilder in the United States.[1]

History[]

Tri Pointe was founded in Irvine, California by Doug Bauer, Tom Mitchell and Mike Grubbs in 2009. Initially, Starwood Capital partnered with the company and invested $150 million in private equity.[10]

In January 2013, Tri Pointe became a public company and was the first to do so since 2004.[11]

In 2014, Tri Pointe merged with the Weyerhaeuser Real Estate Company (WRECO) and acquired the following subsidiaries as a result:[12][13]

After the 2014 merger, Tri Pointe Homes rebranded as TRI Pointe Group, Inc. and Tri Pointe Homes became one of the corporation's subsidiaries. [16][17]

In October 2018, TRI Pointe announced a new division in Charlotte and Raleigh, North Carolina with Gray Shell as division president.[18]

In January 2021, TRI Pointe Group changed its corporate name and rebranded all of its subsidiaries under the new name, Tri Pointe Homes, Inc.[16][17]

Initiatives[]

In 2017, TRI Pointe Homes Northern California announced its “Think Outside the Box” program to help new homeowners recycle and reuse cardboard moving boxes.[19]

In 2018, Pardee Homes opened its first all-solar master-planned community in California.[20] In the same year, Trendmaker Homes partnered with BuildAid, "a rebuild initiative for pre-qualified homeowners whose homes flooded because of Hurricane Harvey".[21]

LivingSmart[]

Tri Pointe offers its builders a five-part LivingSmart program, which aims to "provide healthier, more comfortable living environments while lowering operating costs".[4] [22][23] As of 2019, Tri Pointe has partnered with Amazon to feature Amazon Alexa as an addition to the program.[24]

Awards and recognition[]

In 2015, Tri Pointe earned Builder Magazine's Builder of the Year Award. The company was named one of Fortune Magazine's 100 fastest-growing companies in 2017 and Builder of the Year by Builder and Developer Magazine in 2019. [8]

References[]

  1. ^ a b Collins, Jeff (January 19, 2021). "Homebuilder Tri Pointe rebranding local builders under one name". Orange County Register. Retrieved June 1, 2021.
  2. ^ "TRI Pointe Group, Inc. (TPH) Income Statement". finance.Yahoo.com. Retrieved April 28, 2019.
  3. ^ "Maracay Homes to unveil latest East Valley community". KNXV. 2019-09-11. Retrieved 2021-04-01.
  4. ^ a b c "Pardee Homes Company Profile". Dun & Bradstreet. Retrieved June 2, 2021.
  5. ^ a b Feser, Katherine (January 21, 2021). "Trendmaker Homes to rebrand as TRI Pointe Homes". Houston Chronicle. Retrieved June 1, 2021.
  6. ^ "Trendmaker Homes Inc". Bloomberg. Retrieved June 1, 2021.
  7. ^ a b "Winchester Homes Inc". Bloomberg. Retrieved June 2, 2021.
  8. ^ a b c "TRI Pointe Group, Inc. Announces Corporate Name Change". Yahoo! Finance. Retrieved June 1, 2021.
  9. ^ "Stock Snapshot". Bloomberg. Retrieved September 20, 2018.
  10. ^ Shanesy, Lauren. "The Recession Didn't Slow Down This Builder". Builder Magazine. Retrieved May 31, 2021.
  11. ^ "TRI Pointe Homes: Popular New Kid On Builders' Block". Nasdaq. Investor's Business Daily. Retrieved May 31, 2021.
  12. ^ Lane, Ben (June 6, 2014). "TRI Pointe Homes to acquire Weyerhaeuser Real Estate Company". Housing Wire. Retrieved May 31, 2021.
  13. ^ "Tri Pointe Homes". Builder Magazine. Retrieved May 31, 2021.
  14. ^ "Stocks". Bloomberg.
  15. ^ Talton, John (December 15, 2007). "Bucking trends, Quadrant starts seven houses a day". The Seattle Times. Retrieved May 31, 2021.
  16. ^ a b "Homebuilder Tri Pointe rebranding local builders under one name". Orange County Register. 2021-01-20. Retrieved 2021-02-26.
  17. ^ a b Gonzales, Angela (January 27, 2021). "Maracay name dropped in Arizona — hello Tri Pointe Homes". The Phoenix Business Journal. Retrieved June 1, 2021.
  18. ^ Graham, Ben. "National homebuilder launches in Charlotte, Raleigh". Triangle Business Journal. No. October 25, 2018. Retrieved June 1, 2021.
  19. ^ "TRI POINTE ASKS BUYERS TO "THINK OUTSIDE THE BOX"". Builder Magazine. Retrieved June 1, 2021.
  20. ^ "PARDEE HOMES OPENS 1ST ALL-SOLAR MPC". Builder Magazine. Retrieved June 1, 2021.
  21. ^ "BuildAid Receives $5.5 Million Grant from Hurricane Harvey Relief Fund". GHBA. Retrieved June 1, 2021.
  22. ^ "Tri Pointe Homes opens Terra Luna Ridge in Summerlin". Las Vegas Review Journal. February 19, 2021. Retrieved May 31, 2021.
  23. ^ Tomasulo, Katy (April 19, 2017). "Tri Pointe adds smart-home platform to new-home offerings". Construction Dive. Retrieved May 31, 2021.
  24. ^ Meyers, Erin. "TRI Pointe Group Teams with Amazon to Offer Smart Homes Featuring Amazon Alexa". New Homes Directory. Retrieved June 3, 2021.

External links[]

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