AZBigMedia
Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on two land purchases in Phoenix’s East Valley this month, totaling approximately $5.9 million.
The parcels, located in Queen Creek and Mesa, will be developed into new, single-family home neighborhoods scheduled to open in late 2018, said Jason Weber, Maracay Homes’ vice president of land acquisitions and development.