The latest news about TRI Pointe Homes Northern California, Southern California and Colorado is all right here. From our own press releases, to appearances in the media, this is the place to find up-to-date information on what we're doing, what we're planning, and where we're going.
Doug Bauer, 53, has been CEO of TRI Pointe Homes Inc. (Irvine, CA) since co-founding the company in 2009. Previously, he was with William Lyon Homes as PRES./COO from 2006 and president of the Northern California division from 1998; he joined the company in 1989. Prior to then, he was with Security Pacific National Bank from 1982. For the six months ended June 30, TRI Pointe Homes had revenue of $160.1 million, up from $79.0 million. Operating income was $18.9 million, up from $3.6 million. Net income was $10.4 million, up from $2.3 million. Closings totaled 195, up 40.3%. New orders were 328, up 29.1%. Last month, TRI Pointe acquired Weyerhaeuser Real Estate Co. from Weyerhaeuser Co. for $2.8 billion. In the following interview, Bauer discusses the WRECO deal and the outlook for business.
BRENTWOOD, CA – Come out and visit our brand new homes at Barrington by TRI Pointe Homes in Brentwood where one and two-story single-family homes start in the high $400s. You’ll discover large new homes for half the price than you'll find in the tri-valley area, and still be close to all the amenities of the Bay Area. The two charming new neighborhoods of Berkshire and Hawthorne feature SunPower® solar systems and flexible spaces to fit your lifestyle such as lofts, living suites, outdoor rooms and more.
TRACY, CA – TRI Pointe Homes has announced the new community of Ventana is coming this Fall, a charming collection of stylish single-family homes in one- and two-stories offering 3 to 5 bedrooms and 2.5 to 3.5 baths. Combining the small town character of Tracy with a full complement of big city amenities, Ventana promises to be a great place to live. Located in the geographical triangle formed by Interstate 205, 5 and 580, you are within easy reach of Sacramento, San Francisco and San Jose.
Month after month, new TRI Pointe Homes are opening across Southern California, bringing a sensational range of new home opportunities to homebuyers at every age and life stage. Prime locations in stellar master-planned communities are just the beginning. We’ve earned the approval of all kinds of buyers. Those just starting out are finding that high quality design and value are attainable. Families seeking to upgrade their lifestyles are turning to us for homes that fulfill their dreams and win them over with the elegance and luxurious fair they’ve waited for.
Northern Californians are on the move and TRI Pointe Homes is there to offer them opportunities. Whether it be a cool urban village for millennials, homes with unique spaces for growing families or spacious single story homes for empty nesters, TRI Pointe Homes has you covered. In San Mateo, we’ve had a successful closeout in a short time with Amelia at Bay Meadows. We have also celebrated the grand opening of Bay Meadows’ Canterbury, Avellino in Mountain View, and two new neighborhoods in Brentwood.