Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  TRI Pointe Group Inc    TPH

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Tri Pointe Homes Inc : TRI Pointe Homes Acquires 76 Lots in the Core Silicon Valley Community of San Mateo, CA

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/01/2013 | 03:15pm CET

TRI Pointe Homes (NYSE:TPH) announced April 30th it has acquired 76 lots in the new-urban masterplanned community of Bay Meadows in San Mateo, Calif. The lots, TRI Pointe's second acquisition within the masterplan, will feature 76 townhomes ranging from 1,200 to 2,100 square feet priced in the high $900,000s. Named Canterbury, the new neighborhood is slated to open in the first half of 2014.

"This acquisition continues to build our Bay Area operation around the very strong employment base within and surrounding Silicon Valley," said Douglas F. Bauer, TRI Pointe CEO. "It fits perfectly with our model of building where people need and want to live, near major employment and transportation centers."

The lots, acquired from Stockbridge Capital and developer Wilson Meany, are located in one of the largest developable areas in the San Francisco-Silicon Valley corridor on the site of a former airfield and Bay Meadows racetrack. Bay Meadows (http://baymeadows.com/) is a comprehensively sustainable, transportation-centered pedestrian village located midway between San Francisco and Silicon Valley designed with state-of-the-art buildings set in a new walkable urbanist environment.

"Our reputation and relationship with Wilson Meany has allowed us to enter into our second neighborhood at Bay Meadows," said Mr. Bauer. "This is the right place, the right time and the right concept."

TRI Pointe's existing 63-home neighborhood called Amelia features two- and four- bedroom townhomes. Each phase has sold out quickly after being released.

In mid-April, TRI Pointe announced the acquisition of 301 prime building lots in three sought-after communities in Los Angeles, Riverside and Orange counties in Southern California. TRI Pointe plans to begin building and selling single-family homes on the lots, located in Azusa, Temecula and Huntington Beach, later in 2013.

About TRI Pointe Homes

TRI Pointe Homes, Inc. (NYSE: TPH) is engaged in the design, construction and sale of innovative single-family homes in planned communities in major metropolitan areas located throughout Southern and Northern California and, most recently, Colorado. The Company is headquartered in Irvine, California. For more information about the company an its new home developments, please visit www.TRIPointeHomes.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 building and selling homes 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 that may cause actual results to differ materially, including the risks and uncertainties associated with adverse weather, regulatory approvals, labor shortages and other risks detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and other documents subsequently filed with or furnished to the Securities and Exchange Commission. 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.

NewGround PR & Marketing
Christine Rombouts
949.631.1557
crombouts@newgroundco.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TRI POINTE GROUP INC
02/24 TRI POINTE : Management's Discussion and Analysis of Financial Condition and Res..
02/23 TRI POINTE : Hundreds Attend Model Grand Opening at Wynstone at Barrington
02/23 TRI POINTE GROUP INC (NYSE : TPH) In Celebration After Marking Milestone
02/22 TRI POINTE HOMES : Northern California Celebrates Milestone with 1,000th Home Cl..
02/22 TRI POINTE GROUP, INC. (NYSE : TPH) Files An 8-K Results of Operations and Finan..
02/22 TRI POINTE GROUP, INC. : Results of Operations and Financial Condition (form 8-K..
02/22 TRI Pointe Group, Inc. Reports 2016 Fourth Quarter and Full Year Results
02/07 TRI POINTE : Wynstone at Barrington Set for Model Grand Opening on February 11th
01/27 TRI POINTE HOMES : New Year Brings New Home Opportunities for Northern Californi..
01/17 TRI POINTE GROUP, INC. : Announces Fourth Quarter and Full Year 2016 Earnings Re..
More news
Sector news : Residential Builders - Single Homes
02/22 Unilever, Lloyds help FTSE edge higher
02/22DJTOLL BROTHERS : Reports Increase in Contracts, Profit Decline
02/22 BARRATT DEVELOPMENTS : to build fewer homes in London
02/21 HSBC pulls FTSE lower
02/20 British builder Bovis faces further profit fall after complaints about qualit..
More sector news : Residential Builders - Single Homes
News from SeekingAlpha
02/22 TRI Pointe's (TPH) CEO Doug Bauer on Q4 2016 Results - Earnings Call Transcri..
02/22 TRI Pointe Homes 2016 Q4 - Results - Earnings Call Slides
02/22 TRI Pointe Homes misses by $0.01, misses on revenue
02/21 Notable earnings before Wednesday?s open
02/19 Tracking David Einhorn's Portfolio - Q4 2016 Update
Advertisement
Financials ($)
Sales 2017 2 720 M
EBIT 2017 334 M
Net income 2017 205 M
Debt 2017 1 074 M
Yield 2017 -
P/E ratio 2017 9,52
P/E ratio 2018 8,38
EV / Sales 2017 1,11x
EV / Sales 2018 0,94x
Capitalization 1 954 M
More Financials
Chart TRI POINTE GROUP INC
Duration : Period :
TRI Pointe Group Inc Technical Analysis Chart | TPH | US87265H1095 | 4-Traders
Full-screen chart
Technical analysis trends TRI POINTE GROUP INC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 15,4 $
Spread / Average Target 26%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Douglas F. Bauer Chief Executive Officer & Director
Thomas J. Mitchell President & Chief Operating Officer
Barry Stuart Sternlicht Chairman
Michael D. Grubbs Chief Financial Officer & Treasurer
Robert W. D’Unger Vice President-Information Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TRI POINTE GROUP INC5.49%1 954
LENNAR CORPORATION9.83%10 531
NVR, INC.14.74%7 144
CALATLANTIC GROUP INC1.23%4 018
SUMITOMO FORESTRY CO.,..6.31%2 613
PANAHOME CORPORATION12.37%1 597
More Results