Tricon Residential

Tricon was founded by Geoffrey Matus and David Berman on June 3, 1988. The company went public in 2010 and was listed on the Toronto Stock Exchange.Tricon entered the U.S. single-family rental business in 2012 with Tricon American Homes, a wholly owned subsidiary of the company.In 2017, Tricon bought the American real estate investment trust Silver Bay Realty for $1.4 billion. becoming the fourth largest publicly owned single-family rental company in the United States.In 2018, Tricon formed a $2 billion single-family rental joint venture to acquire 10,000 homes in the U.S Sun Belt.In 2019, the company acquired 708 housing units in Nashville, Tennessee for about $210 million. Later during the same year, Tricon formed a $450 million joint venture with Arizona State Retirement System to pursue build-to-rent communities.In August 2020, Blackstone Group made a $300 million investment in Tricon.In 2021, Tricon sold a majority stake of its 7300 apartment portfolio in the United States for $425 million in a bid to reduce its overall debt. In March, Tricon and the Canada Pension Plan Investment Board announced a joint venture to build 3000 rental apartments in Toronto.