It was a deal that Tricon Residential started talking about a year ago before the pandemic even began, but the Canadian company has now said it agrees in principle to a transaction that will see it sell an 80% stake in 23 multifamily properties valued at 1.3 billion U.S. dollars.
Tricon Residential Agrees to Sell US Apartment Stake
Toronto-Based Company Creates Joint Venture to Sell 80% Stake in US$1.3 Billion Multifamily Portfolio
By Garry Marr
CoStar News
February 25, 2021 | 11:31 P.M.
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IN THIS ARTICLE
- Properties
- The Views at Coolray Field
755 Braves Ave, Lawrenceville, GA
- City North at Sunrise Ranch
2800 Sunrise Ranch Rd, Round Rock, TX
- The Callie
8025 Forest Ln, Dallas, TX
- Boardwalk Med Center - TX
7838 Huebner Rd, San Antonio, TX
- Sorelle
2399 Parkland Dr, Atlanta, GA
- Companies
- Tricon Lifestyle Rentals
Real Estate