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BRIEF-Tricon Announces $1.5 Bln Homebuilder Direct Joint Venture

05/10/2021 18:27
BRIEF-Tricon Announces $1.5 Bln Homebuilder Direct Joint Venture

- Tricon Residential Inc TCN.TO:

  • TRICON ANNOUNCES $1.5 BILLION HOMEBUILDER DIRECT JOINT VENTURE TO EXPAND ITS SINGLE-FAMILY RENTAL PORTFOLIO

  • TRICON - HOMEBUILDER DIRECT JV WILL HAVE INITIAL EQUITY COMMITMENT OF $300 MILLION (ONE-THIRD FROM EACH PARTNER)

  • TRICON RESIDENTIAL INC - FORMATION OF A NEW HOMEBUILDER DIRECT JV WITH PACIFIC LIFE INSURANCE COMPANY AND A GLOBAL INVESTOR

Source text for Eikon: ID:nCNWqrJJva

Further company coverage: TCN.TO


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