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home / news releases / TCN - Tricon Residential: Blackstone's Accretive Acquisition

TCN - Tricon Residential: Blackstone's Accretive Acquisition

Tricon Residential Inc.

2024-01-24 14:59:48 ET

Summary

  • Tricon Residential has agreed to be taken private by Blackstone for $3.5 billion, representing a 30% premium to its previous closing price.
  • The single-family rental REIT sector has faced challenges due to higher mortgage rates, but the demand for rental homes has remained strong.
  • Blackstone's financial strength and access to capital are expected to benefit Tricon and drive its growth after the merger.

The Transaction

For further details see:

Tricon Residential: Blackstone's Accretive Acquisition
Stock Information
Company Name: Tricon Residential Inc.
Stock Symbol: TCN
Market: NYSE
Website: triconresidential.com
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