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Tri Pointe Homes, a recognized leader serving the Phoenix market for over 30 years under the name Maracay, has acquired approximately 40 acres of land in Gilbert, Arizona, for $18.2 million. Located at the southwest corner of Pecos and Greenfield Roads, Tri Pointe intends to develop the land into a new residential community named Lusitano that includes 76 preliminary platted homesites, with sales anticipated to begin in 2027.