Tri Pointe Homes, Inc. (TPH)

Tri Pointe Homes, Inc. was a U.S. homebuilder that designed, built and sold single-family homes and communities in major markets across the country. The company was founded in 2009 in California as TRI Pointe Homes, led by Douglas Bauer, who served as chief executive officer. It grew quickly in the years after the housing downturn, and completed its initial public offering on the New York Stock Exchange in January 2013 under the ticker TPH.

The company's defining transaction came in 2014, when it combined with Weyerhaeuser Real Estate Company, the homebuilding arm of Weyerhaeuser, in a Reverse Morris Trust deal. That merger brought in established regional brands including Pardee Homes, Quadrant Homes, Trendmaker Homes and Maracay Homes, and later Winchester Homes joined the group through further acquisition. The company renamed itself from TRI Pointe Group to Tri Pointe Homes in January 2021 as it unified its identity around the Tri Pointe name.

Tri Pointe operated through regional brands in markets such as California, Nevada, Arizona, Colorado, Texas, Washington, the Carolinas and the Washington, D.C. area. Its homes were sold through in-house sales staff and independent real estate brokers. Beyond homebuilding, the company operated financial services businesses covering mortgage financing, title and escrow services and insurance agency activity, which supported the home purchase process for its buyers.

On the delisting, Sumitomo Forestry Co., Ltd., a Japanese company with extensive timber, housing and building materials operations and a growing U.S. residential business, agreed to acquire Tri Pointe for $47.00 per share in cash. Sumitomo Forestry America, Inc., its U.S. subsidiary, was the acquiring entity. The transaction was subject to shareholder approval and regulatory clearances.

Sumitomo Forestry announced completion of the acquisition on May 14, 2026. Tri Pointe became a wholly owned subsidiary of Sumitomo Forestry America, and its common stock ceased trading on the NYSE at closing. The companies said the addition brought more than 160 active communities across 13 states, and that the combined group would deliver about 15,000 homes a year across 18 states, which would place it among the five largest U.S. homebuilders by volume.

Tri Pointe filed with the SEC for removal of its stock from NYSE listing in connection with the closing. Moelis & Company advised Tri Pointe on the transaction, while Mitsubishi UFJ Morgan Stanley and Morgan Stanley advised Sumitomo Forestry. Following completion, Tri Pointe is a privately held subsidiary and no longer reports publicly.