Tri Pointe Homes Colorado Names Kelly Taga as New Division President

With unique experience in various roles across multiple markets, the homebuilding veteran is primed to support the company’s efforts in the state

Irvine, California, UNITED STATES


DENVER, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the U.S., announced today that Kelly Taga has been appointed as its new division president in Colorado. With nearly 18 years of homebuilding experience in a variety of positions and in markets nationwide, Taga’s standout leadership record will be an asset to the new position. He will focus on strategic growth in the division as well as continued expansion of the division’s offerings across a variety of price points and market segments.

“Kelly’s diverse background and remarkable track record in the homebuilding industry will be a tremendous asset as we continue to develop our operations and offerings in Colorado,” said Tom Mitchell, president and chief operating officer of Tri Pointe Homes. “I believe he will make a phenomenal impact on our team members and partners as well given his ability to build relationships, strengthen processes and inspire teamwork.”

Taga’s initial efforts as division president will include working on operational strategies and processes while bolstering camaraderie and aligning all team members on strategic goals to further the performance of Tri Pointe Homes in Colorado.

Tri Pointe Homes owned or controlled approximately 2,000 lots in Colorado as of September 30, 2022 and has opened six communities and neighborhoods in the past two years. In his new role, Taga will oversee multiple new openings, including the Townhomes at Candelas in Arvada, Sugar Mill Village in Longmont, and three new neighborhoods in The Aurora Highlands in Aurora—Crescendo, Prelude and Ensemble. In total, these communities are anticipated to bring approximately 450 new homesites to market. Furthermore, Taga will be involved in the planned opening of Tri Pointe’s new design studio in late spring 2023, which has been designed to give customers the ability to personalize their home in a way that best fits their distinct lifestyle preferences.

“I’m thrilled to be joining Tri Pointe Homes and for the opportunities we have to strengthen our market position and footprint in Colorado,” said Taga. “Tri Pointe Homes is committed to broadening its range of new home offerings to adapt to varying buyer profiles, including first-time homebuyers looking for more attainable options. I believe that our strong national resources and backing, combined with our experience and relationships in the central U.S. region, will help set us up for long-term success.”

Prior to joining Tri Pointe Homes Colorado, Taga spent a total of 15 years at Richmond American Homes, ultimately holding the position of senior division president in Northern Colorado. Before that, he served as division president in Washington and Oregon as well as CIO and vice president of IT for Richmond American Homes’ parent company, M.D.C. Holdings, Inc. He also had roles managing purchasing and business operations improvement efforts nationwide.

About Tri Pointe Homes®
One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company and a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities in 10 states, with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards, most recently in 2019. The company made Fortune magazine’s 2017 100 Fastest-Growing Companies list, was named as a Great Place to Work-Certified™ company in both 2021 and 2022 and was named on several Great Place to Work® Best Workplaces lists in 2022. For more information, please visit TriPointeHomes.com.

Forward-Looking Statements
Various statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These forward-looking statements may include, but are not limited to, statements regarding our strategy, projections and estimates concerning the timing and success of specific projects and our future production, land and lot sales, operational and financial results, including our estimates for growth, financial condition, sales prices, prospects, and capital spending. Forward-looking statements that are included in this press release are generally accompanied by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “future,” “goal,” “guidance,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or other words that convey future events or outcomes. The forward-looking statements in this press release speak only as of the date of this press release, and we disclaim any obligation to update these statements unless required by law, and we caution you not to rely on them unduly. These forward-looking statements are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. The following factors, among others, may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements: the effects of the ongoing COVID-19 pandemic, which are highly uncertain and subject to rapid change, cannot be predicted and will depend upon future developments, including the emergence and spread of new strains or variants of COVID-19, the severity and the duration of the outbreak, the duration of existing and future social distancing and shelter-in-place orders, further mitigation strategies taken by applicable government authorities, the availability and acceptance of effective vaccines, adequate testing and treatments and the prevalence of widespread immunity to COVID-19; the impacts on our supply chain, the health of our employees, service providers and trade partners, and the reactions of U.S. and global markets and their effects on consumer confidence and spending; the effects of general economic conditions, including employment rates, housing starts, interest rate levels, availability of financing for home mortgages and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such parcels; access to adequate capital on acceptable terms; geographic concentration of our operations, particularly within California; levels of competition; the successful execution of our internal performance plans, including restructuring and cost reduction initiatives; the prices and availability of supply chain inputs, including raw materials and labor; oil and other energy prices; the effects of U.S. trade policies, including the imposition of tariffs and duties on homebuilding products and retaliatory measures taken by other countries; the effects of weather, including the occurrence of drought conditions in parts of the western United States; the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, and shortages and price increases in labor or materials associated with such natural disasters; the risk of loss from acts of war, terrorism, civil unrest or outbreaks of contagious diseases, such as COVID-19; transportation costs; federal and state tax policies; the effects of land use, environment and other governmental laws and regulations; legal proceedings or disputes and the adequacy of reserves; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; changes in accounting principles; risks related to unauthorized access to our computer systems, theft of our homebuyers’ confidential information or other forms of cyber-attack; and additional factors discussed under the sections captioned “Risk Factors” included in our annual and quarterly reports filed with the Securities and Exchange Commission. The foregoing list is not exhaustive. New risk factors may emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risk factors on our business.

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Kelly Taga

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