"Blackstone Acquires Tricon Residential in $3.5 Billion Deal"
TL;DR Summary
Blackstone Inc. is set to acquire Tricon Residential Inc. for $3.5 billion, expanding its investment in the rental housing market. The deal involves Blackstone paying $11.25 a share in cash for Tricon, a Toronto-based company with a portfolio of approximately 38,000 rental homes in the US, including single-family rental homes and apartments.
Topics:business#acquisition#blackstone#business-real-estate#real-estate#rental-housing#tricon-residential
- Blackstone is Buying Landlord Tricon Private for $3.5 Billion Bloomberg
- Blackstone to take Tricon Residential private for $3.5 billion Yahoo Finance
- Blackstone Real Estate to Take Tricon Residential Private Business Wire
- Blackstone bids US$3.5-billion to take over rental property owner Tricon Residential The Globe and Mail
- Blackstone Real Estate to Take Tricon Residential Private in $3.5 Billion Deal The Wall Street Journal
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