Formerly | TRI Pointe Group, Inc. (2014–2020) |
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Type | Public company |
NYSE: TPH S&P 600 component | |
Industry | Home construction |
Founded | April 2009 in Irvine, California, U.S. |
Headquarters | Incline Village, Nevada |
Key people | Douglas F. Bauer, CEO Thomas J. Mitchell, COO Glenn J. Keeler, CFO |
Production output | 6,188 new home deliveries |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 6,182 (2021) |
Website | tripointehomes |
Footnotes /references [1] |
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 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]
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]
The Weyerhaeuser Company is an American timberland company which owns nearly 12,400,000 acres of timberlands in the U.S., and manages an additional 14,000,000 acres of timberlands under long-term licenses in Canada. The company has manufactured wood products for over a century. It operates as a real estate investment trust (REIT).
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., and offers consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of June 2021, it is the 10th largest bank with $509 billion in assets. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world with $2.27 billion in annual revenue.
Hovnanian Enterprises, Inc. is a United States real estate company which is involved in every aspect of marketing homes, including design, construction and sales. The company works with individual detached housing as well as higher-occupancy dwellings, including townhouses, condominiums and retirement homes. In most cases, the company acquires and develops the land on which these developments are built, but in some geographic regions, Hovnanian offers to build their proprietary house designs on private land. The company consists of two operating groups, homebuilding and financial services.
Piper Sandler Companies is an American independent investment bank and financial services company, focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research. Through its principal subsidiary, Piper Sandler & Co., the company targets corporations, institutional investors, and public entities.
Builders Square was a big-box home improvement retailer headquartered in San Antonio, Texas. A subsidiary of Kmart, its format was quite similar to The Home Depot, Menards, and Lowe's with floor space of about 100,000 square feet (9,300 m2), and inventories in excess of 35,000 different items. In 1997, a Los Angeles leveraged buyout specialist acquired Builders Square and merged it with Hechinger but the new combined company failed to thrive and all remaining stores ceased business operations by the end of 1999.
KB Home is a homebuilding company based in the United States, founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the NYSE as a home builder. Its headquarters are in Los Angeles, California.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. The company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
Toll Brothers is a company which designs, builds, markets, sells, and arranges financing for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the Fortune 500.
Lennar Corporation is a home construction company based in the census-designated place of Fontainebleau, Florida, with a Miami postal address. In 2021, the company was the second-largest home construction company in the United States based on the number of homes sold. In 2021, the company was ranked 129th on the Fortune 500. The company operates in Florida, Arizona, California, Colorado, Delaware, Georgia, Idaho, Illinois, Indiana, Maryland, Minnesota, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin. It also has investments in multifamily and single family residential rental properties and investments in property technology companies. The name Lennar is a portmanteau of the first names of two of the company's founders, Leonard Miller and Arnold Rosen.
M.D.C. Holdings, Inc. is a new home construction company with headquarters in Denver, Colorado. The company was founded by Larry A. Mizel as Mizel Development Corporation in 1972. The first homebuilding subsidiary began operation in 1977, primarily building single-family homes. The company was ranked 12 on the annual Builder 100 list published by Builder Magazine in 2021.
Frontier Communications Parent, Inc. is an American telecommunications company. The company previously served primarily rural areas and smaller communities, but now also serves several large metropolitan markets.
CalAtlantic Group, Inc. was a home construction company based in Arlington, Virginia. In 2018, it was the 4th largest homebuilder in the United States by number of homes closed. It was formed by the October 2015 merger of Standard Pacific Homes and Ryland Homes. In February 2018, the company was acquired by Lennar.
The Associated Construction Publications are 13 trade publications and a combined web site owned by John White that serves the information needs of contractors, materials producers, equipment users and allies to the field of construction. Greg Sitek is the national editor.
Shea Homes is an American homebuilding company. Founded in 1881, its major markets are the West Coast, Texas, the Carolinas, and Florida.
Weyerhaeuser Real Estate Company (WRECO) was a home construction and real-estate developer. WRECO was formed in 1969 as a subsidiary of Weyerhaeuser. It constructed homes under the names Quadrant Homes, Pardee Homes, Maracay Homes (Arizona), Trendmaker Homes, Avanti Custom Homes, Texas Casual Cottages (Texas), Winchester Homes, Camberley Homes, and Everson Homes. Weyerhaeuser Realty Investors (WRI) provided capital to other builders. In 2014, the company was acquired by Tri Pointe Homes.
Taylor Morrison is one of the largest home building companies in the United States. Its corporate headquarters are in Scottsdale, Arizona.
CubeSmart, is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition, and development of self-storage facilities in the United States. CubeSmart, a REIT, operates more than 1200 self-storage facilities.