Phoenix-based Maracay Homes has combined with TRI Pointe Homes, Inc. as part of the merger between TRI Pointe and Weyerhaeuser Real Estate Company (WRECO), which counts Maracay Homes in its family of builders. The transaction, one of the largest in homebuilding history, is valued at approximately $2.8 billion. It positions TRI Pointe as one of the top 10 largest public homebuilders in the United States by equity market capitalization based on the closing price of TRI Pointe common stock on July 3.
“With the success of this completed merger, TRI Pointe is well-positioned as a leading homebuilder focused on some of the nation’s most attractive housing markets,” said Doug Bauer, Chief Executive Officer of TRI Pointe, said in a statement. “Having built a stellar reputation for innovative design and outstanding quality over the more than 20 years it has operated in the Arizona market, Maracay Homes will continue to be led by the exceptional local, executive team that has helped build its standing as a market leader. Like TRI Pointe, Maracay Homes’ success is largely driven by its entrepreneurial spirit and ability to make decisions on a local basis. That philosophy will stay in place, as Maracay Homes will continue to craft customizable, energy-efficient homes that deliver comfort, style and sustainability.”
Maracay Homes has several communities in the Tucson region.
Maracay is one of the five WRECO homebuilding companies that have joined TRI Pointe as part of the larger merger. In addition to Maracay, the new TRI Pointe companies, which will continue to operate under their respective brand names, include:
- TRI Pointe Homes – Northern and Southern California and Colorado
- Pardee Homes – Southern California and Las Vegas
- Quadrant Homes – Puget Sound region of Washington State
- Trendmaker Homes – Houston
- Winchester Homes – Washington, DC metro area and Richmond, Virginia