TRI Pointe Group (NYSE:TPH), based in Irvine, California, on Thursday celebrated its 10th anniversary.

Launched in 2009 as TRI Pointe Homes. the company has evolved into TRI Pointe Group which, in the fourth quarter of 2018, eclipsed the $3 billion mark in annual home sales revenue for the first time by delivering a record 5,071 homes at an average sales price of $640,000.

The New York Stock Exchange welcomes TRI Pointe Group, Inc. (NYSE: TRI) in celebration of its 10th Anniversary of Founding. CEO Douglas Bauer, joined by Chris Taylor, NYSE VP of Listings & Services, rings The Closing Bell®.
Nicole Pereira The New York Stock Exchange welcomes TRI Pointe Group, Inc. (NYSE: TRI) in celebration of its 10th Anniversary of Founding. CEO Douglas Bauer, joined by Chris Taylor, NYSE VP of Listings & Services, rings The Closing Bell®.

“With our tremendous growth, we are a dramatically different home builder today than we were 10 years ago, but the key thing that remains constant in our organization is our commitment to excellence,” said TRI Pointe Group CEO Doug Bauer. “We continue to focus on building our brand in each of our markets. This type of reputation takes years to cultivate, and it starts by building quality homes with an emphasis on design and innovation while providing an excellent customer experience. We have differentiated our product at every segment of the market, which reinforces our status among home buyers as a premium lifestyle builder.”

Founded by Bauer, President and COO Tom Mitchell and CFO Mike Grubbs in Southern California, TRI Pointe Homes went public in 2013, just four years after being formed. A year later in 2014, the company completed a $2.8 billion merger with Weyerhaeuser Real Estate Company (WRECO) in one of the largest deals in home building industry history, making it a top 10 U.S. public home builder by equity market capitalization.

Rebranded the following year, the new parent company, TRI Pointe Group, combines the large-scale resources and leadership of a national organization with the regional insights, community ties and agility of local home builders. TRI Pointe Group includes premium regional home builders Maracay® in Arizona, Pardee Homes® in California and Nevada, Quadrant Homes® in Washington, Trendmaker® Homes in Texas, TRI Pointe Homes® in California, Colorado and the Carolinas, and Winchester® Homes* in the Washington, D.C. area. This year, Quadrant and Winchester are celebrating their 60th and 40th anniversaries, respectively.

Following the merger with WRECO, TRI Pointe Group turned its attention to executing several key incremental income initiatives to capitalize on the company’s expanded operations. In order to provide a seamless buying and closing process to homebuyers while enhancing the company’s earnings growth, TRI Pointe Solutions was launched as a way to offer a comprehensive suite of home buyer services, now including: TRI Pointe Connect®, the affiliated mortgage company for TRI Pointe Group that furnishes a full range of competitive home financing options; TRI Pointe Assurance®, which provides title insurance and escrow services for TRI Pointe Group; and TRI Pointe AdvantageTM Insurance Services, the affiliated property and casualty insurance services company for TRI Pointe Group.

“Our five brand pillars are predicated on offering the best of big and small, serving the customer’s needs and desires, embodying a true lifestyle brand, delivering a premium perception and always cultivating a passionate culture,” Bauer said.

During the past decade, TRI Pointe Group has expanded its geographic reach (most recently with its greenfield expansion into the Carolinas and Sacramento, California and its acquisition of Dunhill Homes and Nathan Carlisle Homes in Dallas-Fort Worth, Texas) as well as its services portfolio and list of industry accolades. In 2014, it was named Developer of the Year by Builder and Developer magazine. The next year, the company was recognized as Builder of the Year by BUILDER magazine, and in 2017 Fortune magazine honored TRI Pointe Group as a 100 Fastest-Growing Company. In 2018, TRI Pointe Group and several of its builder brands continued its run of Best Places to Work awards.