Brief: Tricon Announces $1.5 Bln Homebuilder Direct Joint Venture

Tricon Residential

10/05/2021 23:27

May 10 (Reuters) - 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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