Home builder recognized for its innovation and impressive growth
since launching in 2009
IRVINE, Calif.--(BUSINESS WIRE)--
TRI Pointe Group has received the Builder of the Year Award by BUILDER
Magazine, the trusted source and leading brand for the residential
construction industry. The Builder of the Year Award is BUILDER’s
highest yearly honor.
John McManus - Group Editorial Director, Paul Tourbaf - Group President at Hanley Wood and Doug Bauer - CEO of TRI Pointe Group. (Photo: Business Wire)
TRI Pointe Group was honored last night for its excellence in successful
business strategy, its numerous achievements and its respected corporate
leadership during the annual awards program at BUILDER’s Housing
Leadership Summit in Aventura, Florida.
TRI Pointe was also named the fastest growing homebuilder in the country
by BUILDER, with the most year-over-year growth in home
deliveries of any other homebuilding company.
Originally founded as TRI Pointe Homes in 2009 by building veterans Doug
Bauer, Tom Mitchell and Mike Grubbs, during one of the building
industry’s worst recessions, the company went public in 2013. As growth
continued and new markets were added, the company purchased
Weyerhaeuser’s homebuilding subsidiary, Weyerhaeuser Real Estate Company
(“WRECO”), in 2014.
Four short months after closing the merger, the company announced TRI
Pointe Solutions, a suite of homebuyer services that provides end-to-end
support throughout the closing process. The suite is made up of “TRI
Pointe Connect,” formed as a joint venture with imortgage, which
provides mortgage related services, and “TRI Pointe Assurance,” a wholly
owned TRI Pointe company, which acts as a title agency for First
American Title Insurance Company.
"A rocket-thrust takeoff gave TRI Pointe a storybook start,” said John
McManus, Group Editorial Director-Residential, Hanley Wood. "From its
first incarnation as an Irvine, CA-based fee-builder in spring 2009, to
its initial public offering as a public company in January of 2013, to
its dramatic $2.8 billion coup to acquire the five WRECO home building
companies, it has been a hell of a ride. BUILDER salutes the
entire TRI Pointe team and organization for an extraordinary opening
chapter of what we hope will continue to be a long, thrilling narrative.”
Since its inception, the company has built communities that deliver
innovative single-family homes and townhomes. TRI Pointe Group continues
to design, construct and sell premium homes through its portfolio of six
quality brands across eight states, which includes Maracay Homes in
Arizona; Pardee Homes in California and Nevada; Quadrant Homes in
Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California
and Colorado; and Winchester Homes in Maryland and Virginia.
“TRI Pointe Group is proud and humbled to accept this prestigious honor
from a well-respected publication such as BUILDER,” said Doug
Bauer, CEO of TRI Pointe. “We could not have accomplished this milestone
without the talented team at TRI Pointe Group. Our people are our
greatest asset, and without the strong and experienced leadership teams
at our six brands none of this could have been accomplished. Our team
members are passionate about making a difference in our customer’s lives
every day. This passion is what fuels the future of these great
homebuilding brands.
From its beginnings as a regional builder in 2009 that survived the
recession, and to its current status as a national builder in just over
five years, TRI Pointe Group has positioned itself for strong growth in
the coming years.
“High-level and in-the-trenches collaboration is something that has
become standard operating procedure at TRI Pointe, which, six years ago
this spring, was no more than a few legal pad notes, an Excel pro forma,
and a white board priority list at a kitchen table,” said McManus. “And
key to that collaboration is trust, which is what makes TRI Pointe Group
the ‘next generation home builder’ it says it is.”
About TRI Pointe Group
Headquartered in Irvine, Calif., TRI Pointe (NYSE: TPH) is one of the
top 10 largest public homebuilders by equity market capitalization in
the United States. The company designs, constructs and sells innovative
single-family homes and townhomes through its portfolio of six quality
brands, which include Maracay Homes of Arizona; Pardee Homes of
California and Nevada; Quadrant Homes of Washington; Trendmaker Homes of
Texas; TRI Pointe Homes of California and Colorado; and Winchester Homes
of Washington DC and Virginia. TRI Pointe Group was honored to receive
the 2015 Builder of the Year Award by BUILDER magazine and was named the
fastest-growing public homebuilder in the country. In 2014 TRI Pointe
Group was awarded Developer of the Year by Builder & Developer magazine.
Additional information is available at www.tripointegroup.com.
About BUILDER
Published by Hanley Wood, BUILDER is the authority in the residential
construction industry and serves as the magazine of the National
Association of Home Builders (NAHB). For more than three decades,
BUILDER has provided essential news, information and resources about
products, technologies, trends, regulatory requirements and best
practices to help home building professionals build smart.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150512005444/en/
Source: TRI Pointe Group