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

Manufactured
Housing Land Lease Business

Tricon Lifestyle Communities (TLC)  is focused on acquiring and managing existing three to four star manufactured housing communities across the United States. 

TLC was launched in 2014 and has established a joint venture with its operating partner, Cobblestone Real Estate LLC, which is a vertically integrated asset and property manager with significant experience managing capital on behalf of institutions.

TLC is focused on an acquisition strategy that targets predominantly age-restricted manufactured housing communities across the United States, with a primary focus on the U.S. Sunbelt.

A New
Standard in Multi-Family Rental

Tricon Luxury Residences (TLR) was launched to support the development of purpose-built Class A rental apartments in select markets in the U.S. and Canada.

In the U.S., TLR has established a relationship 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. In Canada, Tricon has established an in-house development team to develop projects in Toronto.

TLR will focus on developing premium-quality, well-located apartment buildings close to major job nodes and transit. TLR plans to co-invest alongside local developers and institutional investors to create a long-term income stream via its ownership stake and management role in the 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.