TRI Pointe Acquires New Lots in Silicon Valley

Irvine, Calif. – TRI Pointe Homes, Inc. (NYSE:TPH) in July 2013 announced its acquisition of 32 single family detached lots in Milpitas, Calif. The opening of the well-located project called Los Coches is planned for the second half of 2014.

“The core areas of the Bay Area are extremely supply constrained, especially for single family detached product. Our team in Northern California has built the necessary relationships to continue to source infill locations like this recent acquisition,” said Douglas F. Bauer, TRI Pointe’s Chief Executive Officer.

Located in the heart of the Silicon Valley, the acquisition in Milpitas is comprised of 32 single family detached lots averaging 2,100 square feet with homes ranging from 1,600 to 2,300 square feet. The property will also feature a tot lot/pocket park. Priced in the mid $800,000s, Los Coches will offer entry-level/move up product for Bay Area homebuyers.

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.

West Coast Commercial Real Estate News