TRI Pointe Joins Top 10 Homebuilders

IRVINE, CA—With the closing of last week’s separation and merger between TRI Pointe Homes, Inc. and Weyerhauser, TRI Pointe is now one of the 10 largest public homebuilders in the United States by equity market capitalization.

Late last week the two companies announced that the Reverse Morris Trust had closed. The transaction, one of the biggest in homebuilding industry history, has resulted in the merger of TRI Pointe with Weyerhaeuser’s homebuilding subsidiary, Weyerhaeuser Real Estate Company (“WRECO”). The deal is valued at approximately $2.8 billion and positions TRI Pointe as one of the top 10 largest public homebuilders in the US, based on the closing price of TRI Pointe common stock on July 3.