Sumitomo Forestry Acquires Tri Pointe Homes for $4.5B

The deal signals rising global capital influence and a new scale benchmark for U.S. homebuilders.

Published on Feb. 13, 2026

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Sumitomo Forestry, a Japan-based construction and real estate conglomerate, has announced the acquisition of Tri Pointe Homes, a top-20 U.S. public homebuilder, in an all-cash transaction valued at approximately $4.5 billion. The purchase price represents a 29% premium to Tri Pointe's closing stock price on February 12, 2026, and a 42% premium to its 90-day VWAP. The deal is expected to close in Q2 2026, subject to stockholder approval and other customary conditions.

Why it matters

This acquisition signals the growing influence of global capital in the U.S. homebuilding market and the increasing importance of scale and vertical integration for homebuilders. The deal will position the combined entity as the 5th-largest homebuilder in the U.S. by closings, raising the bar for minimum scale and volume for public builders.

The details

Sumitomo Forestry says the combined FY2024 unit volume (Sumitomo's U.S. group + Tri Pointe) would total roughly 18,000 units, positioning the combined platform as the 5th-largest homebuilder by closings. The combined companies will also control approximately 114,000 lots, about 6.5 years of supply based on FY2024 units sold. Sumitomo cites Tri Pointe's expertise in California's strict zoning regulations and constraints as a key factor, as well as the company's 'Premium Lifestyle Brand' strategy and high customer satisfaction rate.

  • The deal is expected to close in Q2 2026, subject to stockholder approval and other customary conditions.

The players

Sumitomo Forestry

A Japan-based construction and real estate conglomerate that is acquiring Tri Pointe Homes.

Tri Pointe Homes

A top-20 U.S. public homebuilder that is being acquired by Sumitomo Forestry in a $4.5 billion all-cash transaction.

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What they’re saying

“This acquisition is an important step to strengthen the foundation of our U.S. single-family housing business, one of Sumitomo Forestry's core businesses, accounting for approximately 60% of our consolidated recurring income.”

— Toshiro Mitsuyoshi, President, Sumitomo Forestry (Sumitomo Forestry)

“The acquisition of TPH again raises the bar in terms of minimum scale/volume for public builders.”

— Dan Oppenheim (HousingWire)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This deal highlights the growing importance of scale, geographic and product diversification, and vertical integration for homebuilders in the U.S. market. It signals that global capital is increasingly viewing the U.S. housing market as an attractive long-term investment opportunity, and that mid-cap public builders may become targets for larger, more vertically integrated platforms.