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Tri Pointe Households, Inc. to Work Its Six Builder Models Below the Unified Name Tri Pointe Properties(R)

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INCLINE VILLAGE, Nev., Jan 19, 2021 (Globe NEWSWIRE via COMTEX) —
INCLINE VILLAGE, Nev., Jan. 19, 2021 (Globe NEWSWIRE) — Tri Pointe Residences, Inc. (NYSE:TPH), a person of the most significant homebuilders in the U.S., has declared that it is consolidating its six regional homebuilding brands into 1 unified name–Tri Pointe Residences(R). In connection with the consolidation of brands, powerful as of January 15, 2021, the publicly traded entity, earlier named TRI Pointe Group, Inc., was renamed Tri Pointe Properties, Inc., and each individual of its 15 divisions across the country will work beneath the name Tri Pointe Residences.

“The strategic decision to run as one manufacturer comes as we continue to organically mature our divisions throughout the state and search to push extra operational efficiencies at all concentrations of the corporation,” said Tri Pointe Residences Chief Government Officer Doug Bauer. “Running as one manufacturer will enable us to concentrate our useful efforts about 1 brand as a substitute of 6 while developing a more powerful national awareness for the firm.”

“Our merger with WRECO and the acquisition of its five regional homebuilding models in 2014 remodeled us into a single of the most significant property constructing corporations in the region, and the multiple brand name strategy we inherited has served us properly more than the earlier six many years,” claimed Bauer. “In the course of that time, we successfully proven an overarching vision and tradition throughout the corporation while fostering the extensive-standing, trustworthy relationships our community leadership groups have cast more than the many years with land sellers and trade associates. That pillar of working as the best of huge and modest, with area skills and interactions backed by corporation-vast economic assets and impressive technology platforms, will go on to define Tri Pointe Properties as we seem to the future.”

With the intention of getting at the forefront of buyer developments and consistently evolving, Tri Pointe has prioritized becoming a technology-pushed business, and about the previous two yrs, it has applied plans that have increased efficiencies across its functions and vastly improved the client working experience.

“While advancing in methods that make us additional efficient and ahead-wanting, the pillars that have been central to our good results will carry on to differentiate us as we extend,” stated Tri Pointe Residences President and Main Operating Officer Tom Mitchell. “Alongside with remaining the most effective of massive and small, we are a buyer-driven firm and look at ourselves to be in the ‘life-transforming organization.’ We are a top quality life style brand that locations top price on ground breaking design and craftsmanship across all price details.”

Established as a regional homebuilder in 2009, Tri Pointe has expanded its operations through acquisitions and the opening of new divisions across the nation. Providing on its mission to supply an unsurpassed customer working experience, the firm has also founded Tri Pointe Alternatives, a suite of homebuyer providers that features thorough guidance all through the obtaining, lending and closing method.

“All of our achievements and our continuing growth are attainable since of the proficient and dedicated people today at Tri Pointe who are the basis of our passionate society that carries on to generate and define our achievement,” mentioned Mitchell. “We just take great pleasure in the point that our tradition permeates all areas of our business, empowers our persons to appreciate what they do, and motivates them to accomplish at the maximum levels.”

About Tri Pointe Households
A single of the most significant homebuilders in the U.S., Tri Pointe Homes(R) (NYSE: TPH) is a publicly traded company and a acknowledged leader in shopper practical experience, impressive design and style, and environmentally dependable organization methods. The business builds high quality households and communities in 10 states, with deep ties to the communities it serves–some for as extensive as a century. Tri Pointe Houses brings together the monetary assets, technologies platforms and tested leadership of a nationwide corporation with the regional insights, longstanding group connections and agility of empowered neighborhood teams. Tri Pointe has received various Builder of the Calendar year awards, most not too long ago in 2019, and made Fortune magazine’s 2017 100 Quickest-Developing Firms record. The firm was also named one of the Very best Destinations to Work by the Orange County Small business Journal for 4 consecutive several years. For far more information and facts, be sure to take a look at TriPointeHomes.com.

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Carol Ruiz
NewGround PR & Advertising
310.892.4744 / [email protected]

COMTEX_377894699/2471/2021-01-19T06:00:01

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