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Blackstone Acquires Tricon - 38,000 rental homes
Blackstone has agreed to acquire Tricon, a Toronto-based company owning around 38,000 rental homes in the U.S. and apartment buildings in Toronto, at $11.25 per share in cash. A joint venture of Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust shows Blackstone's increased involvement in the single-family rental sector. Blackstone has $1 Trillion dollars under management and manage over 300,000 rental units What are your thoughts on the single family sector? Do you keep single family in your portfolio? https://www.financierworldwide.com/fw-news/2024/1/23/blackstone-takes-tricon-private-in-35bn-deal https://fortune.com/2024/01/19/blackstone-tricon-3-8-billion-acquisition-wall-street-landlord/amp/
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Blackstone Acquires Tricon - 38,000 rental homes
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