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Tricon Spends Almost $130 Million for Zoned Land Assembly in Toronto

Company Expects Partnership With Canada’s Largest Pension Fund Will Lead to Growth in Region

A Tricon Residential entity has bought a six-property portfolio that is already zoned for two apartment buildings. (CoStar)
A Tricon Residential entity has bought a six-property portfolio that is already zoned for two apartment buildings. (CoStar)

A Tricon Residential entity paid $128.97 million for a six-property land assembly that will eventually house two rental towers, the latest expansion in the Toronto-based company's multifamily business in Canada.

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