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Tri Pointe Homes, Inc. is a home construction company headquartered in Incline Village, Nevada.It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. [1]
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In July 2012, the company acquired the Charlotte and Raleigh operations and assets of Timberstone Homes. [6] In July 2013, the company acquired Cornell Homes, one of the largest private homebuilders in the Philadelphia market. [7] In October 2015, the company merged with Standard Pacific Homes to form CalAtlantic Homes. [8]
The company was founded in 1978 by Donald R. Horton. [6] Horton took the company public in 1992, and as of 2020 owned about 6% of the company. [7] In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. [8]
The famous Illinois home featured in the 1990 Christmas classic first hit the market for $5.25 million in May 2024 NBC Universal 20 days ago Displaced Los Angeles-area residents face spiking rents ...
The company was formed in 1980 as NVHomes, Inc. (formerly North Virginia Homes Inc.) by Dwight Schar. [1] In 1986, the company acquired Ryan Homes, founded in 1948 in Pittsburgh, Pennsylvania, to provide housing in the expanding post-war economy. [5] In April 1992, as a result of the early 1990s recession, the company filed bankruptcy. [6]