TRI Pointe Group Also Named 2014 Developer of the Year for its
Leadership, Vision and Commitment to Homebuilding
IRVINE, Calif.--(BUSINESS WIRE)--
In an effort to better reflect the new size and scope of its operations,
TRI Pointe Homes, Inc. ("TRI Pointe Homes") (NYSE: TPH) announced today
the rebranding of the company as TRI Pointe Group.
TRI Pointe Homes’ $2.8 billion merger last July with Weyerhaeuser Real
Estate Company ("WRECO") was one of the biggest in homebuilding industry
history and positioned the Company as a top-10 U.S. public homebuilder
by equity market capitalization. The rebrand to TRI Pointe Group not
only signifies a new identity, but also a new national company of
premium regional homebuilders comprised of 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 the Washington, D.C. area.
The company plans to reorganize its corporate structure with a new
holding company parent to be named TRI Pointe Group. It expects to
complete the reorganization in the second quarter of 2015. TRI Pointe
Homes will continue its homebuilding operations in California and
Colorado as a wholly-owned subsidiary of TRI Pointe Group.
TRI Pointe Group is the brainchild of three industry veterans
Doug
Bauer
,
Mike Grubbs
and
Tom Mitchell
. “Our new organization combines the
significant financial resources, operational sophistication and thought
leadership of a national organization with the local insight, passion
and expertise of a leading regional homebuilder,” said CEO
Doug Bauer
.
“We are a dramatically different homebuilder today than we were a year
ago, but the one thing that remains constant in our organization is our
commitment to excellence.”
This commitment to excellence was evident in the 67 awards earned in
2014 by TRI Pointe Group’s family of homebuilders, including 2014
Developer of the Year by Builder and Developer magazine, a
national home building publication based in Newport Beach, Calif.
According to the magazine, this annual award was bestowed upon TRI
Pointe Group in recognition of the company’s unique ability to deliver
products, services and experiences beyond the conventions of the
industry.
“While the leadership and access to capital have been major factors in
catapulting TRI Pointe Group onto the national stage, the company’s
emergence as a top ten builder would not have been possible if the
quality and character of its communities did not measure up to its
business prowess,” said Builder and Developer Publisher and
Editor-in-Chief
Nick Slevin
.
Additional details about TRI Pointe Group will be discussed during the
upcoming Fourth Quarter and Full Year 2014 Earnings Conference Call,
taking place at 7:00am Pacific (10:00am Eastern) on Tuesday, March 3,
2015. For more information, visit http://ir.tripointehomes.com/phoenix.zhtml?c=251610&p=irol-newsArticle&ID=2011426.
About TRI Pointe Group
Headquartered in Irvine, Calif., TRI Pointe (NYSE: TPH) is a family of
premium regional homebuilders that design, build and sell homes in major
U.S. markets. As one of the largest homebuilding companies in the United
States, TRI Pointe Group combines the resources, operational
sophistication and leadership of a national organization with the
regional insights, community ties and agility of local homebuilders. The
TRI Pointe Group family 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 Washington, D.C. area. For more information, please visit www.TriPointeGroup.com.
Forward-Looking Statements
Except for the historical information contained in this press release,
the matters set forth in this press release, including statements
regarding the Company's plans with respect to the reorganization of its
corporate structure, are forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties; including any required regulatory and stock
exchange approvals and other risks detailed in the Company's Annual
Report on Form 10-K for the year ended December 31, 2013 and other
documents subsequently filed with or furnished to the Securities and
Exchange Commission. However, it is not possible to predict or identify
all such risks and uncertainties. Consequently, while the foregoing list
is considered representative, no such list should be considered to be a
complete statement of all potential risks and uncertainties. These
forward-looking statements are based on current information that may
change and you are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in their
entirety by this cautionary statement, and the Company undertakes no
obligation to revise or update any forward-looking statement to reflect
events or circumstances after the issuance of this press release.
Source: TRI Pointe Group