TRI Pointe Nabs 301 Lots for Development

IRVINE, CA-TRI Pointe Homes Inc. has acquired 301 lots in three desirable Southern California locations in Azusa, Temecula and Huntington Beach. The homebuilder plans to open four new communities at these locations, one in late 2013 and the rest in 2014.

The Azusa acquisition, composed of 66 lots, is located off the I-210 freeway in the Rosedale master plan. Named Avenswood, the community will feature first-time move-up, single-family detached homes ranging from 2,500 to 3,100 square feet, priced from the low $600,000s. In addition to Avenswood, TRI Pointe is currently selling single-family detached homes priced from the mid-$400,000s at its Tamarind Lane community in Rosedale.