News
TCN
11.25
0.00%
0.00
Billionaire Investors Say 'Buy REITs'
Blackstone has been on a REIT buying spree. CEO Stephen Schwarzman says it has become a "favorable" environment for investment again in 2024. The development pipeline of new CRE supply has shrunk considerably due to high interest rates. Blackstone says supply headwinds are virtually assured to be short-lived.
Seeking Alpha · 05/04 11:30
Blackstone Completes $3.5 Billion Tricon Acquisition
TipRanks · 05/01 16:01
Blackstone Completes Acquisition of Tricon Residential
TipRanks · 05/01 15:38
Blackstone Real Estate Completes Privatization of Tricon
Blackstone and Tricon Residential Inc. Announce the closing of the previously-announced plan of arrangement. Blackstone will acquire all of the outstanding common shares of Tricon for $11.25 per Common Share in cash for a total equity transaction value of $3.5 billion.
Barchart · 05/01 09:44
Weekly Report: what happened at TCN last week (0422-0426)?
Weekly Report · 04/29 09:03
Tricon Residential gains as deal set to close Wednesday after Investment Canada OK
Tricon Residential gains as deal set to close Wednesday after Investment Canada OK. The company won Investment Canada Act approval for its planned sale to Blackstone. Blackstone in January agreed to buy the real estate company for $3.5B. Tricon Residential rose almost 2% after the deal was approved.
Seeking Alpha · 04/25 14:16
Tricon Residential Acquired by Blackstone Real Estate
TipRanks · 04/25 12:58
Tricon Residential Acquisition Nears Completion
TipRanks · 04/25 12:37
Tricon Residential Inc. Announces Receipt Of Investment Canada Act Approval For Take Private By Blackstone Real Estate For $11.25 Per Common Share In Cash
Tricon Residential Inc. Announced receipt of Investment Canada Act approval in connection with the previously announced statutory plan of arrangement. Blackstone Real Estate Partners X will acquire all of the outstanding common shares of Tricon for US$11.25 per Common Share in cash. The Transaction is expected to be completed on or around May 1, 2024.
Benzinga · 04/25 12:06
TRICON RESIDENTIAL INC - FOLLOWING COMPLETION OF DEAL ANTICIPATED THAT COMMON SHARES WILL BE DELISTED FROM NYSE AND TORONTO STOCK EXCHANGE
Reuters · 04/25 12:01
TRICON RESIDENTIAL INC. ANNOUNCES RECEIPT OF INVESTMENT CANADA ACT APPROVAL FOR TAKE PRIVATE BY BLACKSTONE REAL ESTATE
Reuters · 04/25 12:01
TRICON RESIDENTIAL INC - PROPOSED DEAL FOR FOR US$11.25 PER COMMON SHARE IN CASH
Reuters · 04/25 12:01
Why Investing For Dividends Can Help Build Wealth
Dividend investing can help alleviate the need to work well into old age. Investing in dividend-paying stocks can give investors higher pay raises. Dividends help mitigate losses in times of economic uncertainty. It also allows you to pay off debt and pay for unexpected expenses.
Seeking Alpha · 04/23 10:30
Weekly Report: what happened at TCN last week (0415-0419)?
Weekly Report · 04/22 09:03
My Biggest REIT Wins And Lessons
Seeking Alpha · 04/20 11:30
REIT Earnings Preview: Delay And Pray
Seeking Alpha · 04/19 13:00
BREAKINGVIEWS-Blackstone’s cash pile will buy only so much time
Blackstone’s cash pile will buy only so much time, says Jonathan Guilford. Blackstone says market ructions present acquisition opportunities, but it is also selling less. The firm has accumulated an impressive war-chest of $200 billion. The growing likelihood that interest rates stay higher for longer threatens deal activity.
Reuters · 04/18 16:09
Blackstone Is Buying REITs Hand Over Fist
Blackstone is aggressively buying publicly listed REITs. Blackstone is one of the most sophisticated real estate investment firms in the world. The company recently bought a $10 billion apartment REIT for a 25% premium. They are buying real estate at a steep discount to its fair value.
Seeking Alpha · 04/18 11:30
Weekly Report: what happened at TCN last week (0408-0412)?
Weekly Report · 04/15 09:03
Here We Go Again
Seeking Alpha · 04/14 13:00
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About TCN
Tricon Residential Inc. is an owner, operator, and developer of a portfolio of approximately 38,000 single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. The Company provides rental housing options for families across the United States and Canada through its technology-enabled operating platform and on-the-ground operating teams. The Company's segments include Single-Family Rental, Adjacent Businesses, and Strategic Capital. The Single-Family Rental business includes owning and operating single-family rental homes primarily within major cities in the United States Sun Belt. Its Adjacent Businesses include multi-family rental and residential development. Its multi-family rental business segment includes one Class A high-rise property in downtown Toronto known as The Selby. Through its Strategic Capital business, the Company provides asset management, property management and development management services.