Tricon Residential Inc T.TCN.DB

Primary Symbol: T.TCN

Tricon Residential Inc. is an owner, operator, and developer of a portfolio of approximately 38,000 single-family rental homes in the United States Sun Belt and multi-family apartments in Canada. The Company provides rental housing options for families across the United States and Canada through its technology-enabled operating platform and on-the-ground operating teams. The Company's segments include Single-Family Rental, Adjacent Businesses, and Strategic Capital. The Single-Family Rental business includes owning and operating single-family rental homes primarily within major cities in the United States Sun Belt. Its Adjacent Businesses include multi-family rental and residential development. Its multi-family rental business segment includes one Class A high-rise property in downtown Toronto known as The Selby. Through its Strategic Capital business, the Company provides asset management, property management and development management services.

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Tricon Residential Inc

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Comment by a4shahon Jul 23, 2013 6:30am

207 Views

Post# 21623748

RE:RE:new deal

Yes, you are correct... this is an excellent buying opportunity. They are making big moves in the US real estate market. The stock dropped due to the financing that they are doing at $6.15. The fact that it closed above ($6.22) the financing price is very good news. However, this pull back should probably be short term. As the US economy improves, things will get better for the real estate market. Long term the prospects look solid.

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