Our Businesses

Tricon’s business objective is to invest for investment income and capital appreciation through its principal investment business segments and to earn fee income through its private funds and advisory business.  Tricon’s investment activities are carried on through four related and complementary business verticals within the North American residential real estate industry: Tricon Housing Partners (Land and Homebuilding), Tricon American Homes (Single-Family Rental), Tricon Lifestyle Communities (Manufactured Housing Communities) and Tricon Luxury Residences (Purpose-Built Multi-family Apartments). Our investment focus is on markets that demonstrate attractive supply and demand characteristics, with the most compelling opportunities lying in geographies with high population and employment growth, such as the U.S. Sunbelt and adjacent states.

Financing
Land Development and Homebuilding

Tricon Housing Partners (THP), Tricon’s land and homebuilding vertical, is dedicated to providing equity or equity‑type financing to experienced local or regional developers/builders (i.e. housing partners) in the United States and Canada.

These investments are made through Tricon managed private commingled funds, separate accounts and syndicated investments.  Our development partners or operators acquire, develop, and/or construct primarily residential projects including single-family and multi-family land development, homebuilding, condominium construction, as well as ancillary commercial development related to a housing project.  Since each project’s underlying business plan entails the sale of finished lots or super pads to public or regional homebuilders or homes to consumers, the investments naturally liquidate over time.

THP currently operates in eight major markets across the United States (Northern and Southern California; Phoenix, Arizona; Atlanta, Georgia; Charlotte, North Carolina; and Austin, Dallas and Houston, Texas) and four major markets in Canada (Toronto, the Greater Vancouver Area, Calgary and Edmonton).

Single-Family
Rental

Tricon American Homes (TAH) is Tricon’s single-family rental home vertical. 

Founded in 2012, TAH is focused on acquiring, renovating, and leasing single-family homes within major U.S. cities that exhibit strong levels of employment and population growth.

TAH has a vertically-integrated property management platform to support the leasing and ongoing management of its growing portfolio of rental homes situated across the U.S. Sunbelt and adjacent states.

triconamericanhomes.com

A New
Standard in Multi-Family Rental

Tricon Lifestyle Rentals (TLR) was launched to support the development and long-term ownership of purpose-built Class A rental apartments in locations across Canada and the U.S.

TLR focuses on developing and operating apartment buildings close to major employment nodes and transit hubs. TLR buildings are defined by design excellence, high service standards, and programmed lifestyle amenities that put people first.

In Canada, TLR has established a vertically integrated team of in-house specialists to develop, design and operate its projects. In the U.S., TLR has partnered with StreetLights Residential, a full-service apartment developer based in Dallas, Texas, with additional offices throughout Texas, as well as in San Diego, California; Phoenix, Arizona; and Nashville, Tennessee.

Tricon co-invests alongside institutional investors to create a long-term income streams through its ownership stake and management role in each of its properties.

Real
Estate Investment Management

Tricon manages capital on behalf of third-party institutional and high net-worth accredited investors.

In addition, through its investment in The Johnson Companies L.P. (Johnson), a prominent national master planned community developer based in Houston, Texas, Tricon provides development management services in large-scale, highly amenitized mixed-use developments.

The business objective in Private Funds and Advisory is to earn contractual management fees, development fees, property management fees and potentially performance fees.