TRI Pointe Homes Announces Pricing of Initial Public Offering

  TRI Pointe Homes Announces Pricing of Initial Public Offering

Business Wire

IRVINE, Calif. -- January 31, 2013

TRI Pointe Homes, Inc. (the “Company”) (NYSE: TPH) today announced the pricing
of its initial public offering of 13,689,000 shares of the Company’s common
stock at a price to the public of $17.00 per share. The shares are expected to
begin trading on the New York Stock Exchange under the ticker symbol “TPH” on
Thursday, January 31, 2013. A total of 10,000,000 shares are being offered by
the Company, and a total of 3,689,000 shares are being offered by a selling
stockholder, VIII/TPC Holdings, L.L.C., a fund affiliated with Starwood
Capital Group. The selling stockholder has also granted the underwriters a
30-day option to purchase up to an additional 2,053,350 shares of the
Company’s common stock on the same terms and conditions.

Total net proceeds to the Company from the offering, after deducting the
underwriting discount and estimated offering expenses, will be approximately
$156.3 million. The Company intends to use the net proceeds from the offering
for the acquisition of land and for development, home construction and other
related purposes. The Company will not receive any proceeds from the sale of
shares by the selling stockholder.

Citigroup, Deutsche Bank Securities and FBR are acting as joint book-running
managers for the offering. Moelis & Company is acting as lead-manager, and JMP
Securities is acting as co-manager.

A registration statement relating to these securities has been filed with, and
declared effective by, the Securities and Exchange Commission. The offering of
these securities is being made only by means of a written prospectus forming a
part of the effective registration statement. When available, a copy of the
final prospectus related to the offering may be obtained by contacting:
Citigroup Global Markets Inc., Attention: c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, Phone: (800) 831-9146;
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street,
New York, New York 10005-2836, Email: prospectus.cpdg@db.com, Telephone: (800)
503-4611; or FBR Capital Markets & Co., 1001 19th Street North, Arlington, VA
22209, Prospectuses@fbr.com.

This press release does not constitute an offer to sell or a solicitation of
an offer to buy the securities in this offering, nor shall there be any sale
of these securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.

About TRI Pointe Homes, Inc.

The Company 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, more recently, Colorado. The
Company is headquartered in Irvine, California.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning
of the federal securities laws. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking statements
by the use of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” or “potential” or the negative of these words and phrases or
similar words or phrases which are predictions of or indicate future events or
trends and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the Company’s control, that may cause
actual results to differ significantly from those expressed in any
forward-looking statement. All forward-looking statements reflect the
Company’s good faith beliefs, assumptions and expectations, but they are not
guarantees of future performance. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking statement to
reflect changes in underlying assumptions or factors, of new information, data
or methods, future events or other changes. For a further discussion of these
and other factors that could cause the Company’s future results to differ
materially from any forward-looking statements, see the section entitled “Risk
Factors” in the Company’s final prospectus relating to this offering, and
other risks described in documents subsequently filed by the Company from time
to time with the Securities and Exchange Commission.

Contact:

TRI Pointe Homes, Inc.
Nikki Sacks or Brad Cohen, 949-478-8696
investorrelations@tripointehomes.com
 
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