CAVU Resources Announces $4,472,000 Deal with TRI Pointe Homes
CHARLOTTE, N.C., July 02, 2020 (GLOBE NEWSWIRE) -- CAVU Resources, Inc. (CAVR), today announced that, through its wholly-owned subsidiary Sinacori Builders, it has come to an agreement with TRI Pointe Homes (NYSE: TPH) to expand a pending $2,580,000 deal to $4,472,000.
The new deal includes the development of 26 lots in total (24 townhome lots and 2 single-family home lots located in the Carmel Rd., “Southpark” area in Charlotte, North Carolina, and is expected to be completed in Q4 2020.
Russell Sinacori, CEO of Sinacori Builders, stated, “I am thrilled that we have the opportunity to develop this fantastic site for TRI Pointe Homes. I believe their decision to boost this deal is a testament to our brand and quality of work. This is our second deal with a National Builder in 2020 since our acquisition and I believe the relationships and collaborations we have with these powerhouses will be invaluable as our Growing Together Brand continues to expand”.
About CAVU Resources, Inc.
CAVU Resources (OTCPK: CAVR) is a Charlotte-based real estate development and technology company focusing on innovation, technology, development and sustainability capitalizing on the explosive Organic & Hemp industry.
About TRI Pointe Group®
Headquartered in Irvine, California, TRI Pointe Group, Inc. (NYSE: TPH) is a family of premium, regional homebuilders that designs, builds, and sells homes in major U.S. markets. As one of the top 10 largest public homebuilding companies based on revenue in the United States, TRI Pointe Group combines the resources, operational sophistication, and leadership of a national organization with the regional insights, community ties, and agility of local homebuilders.
