Fox Business
From the article:
The deal, which makes Tri Pointe one of the 10 largest homebuilders in the U.S., gives Weyerhaeuser investors a controlling stake in Tri Pointe of 80.5%.
Irvine, Calif.-based Tri Pointe said the acquisition, expected to close by the end of the second quarter, includes roughly 27,000 new lots in high-growth, lot-constrained markets, more than half of which are in Southern California.
The rest will be spread out between Washington D.C., Las Vegas, Washington State, Richmond and Puget Sound.
"This transaction uniquely positions us to build on our established momentum, expand our footprint and capitalize on new growth opportunities,” TRI Pointe CEO Doug Bauer said in a statement.