About Tricon Residential (2024)

About Us

We are a rental housing company dedicated to providing an exceptional rental experience to every resident who makes one of our houses or apartments their home. We believe that quality rental housing can unlock life’s potential, and this drives our thinking and our actions every day.

Tricon Residential Inc. is an owner, operator and developer of a portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential.

We strive to be North America’s premier rental housing company. Our business philosophy involves taking care of our team first – empowering them to provide our residents with exceptional service and to positively impact the local communities where we operate. By providing an enhanced living experience, our residents rent for longer periods of time, treat our properties like their own, and share their experience with friends and family.

Watch Resident Experience Video

Our Purpose

Imagine a world where housing unlocks life’s potential.

Our Principles

Our guiding principles define our daily interactions and ensure that we meet – and exceed – our residents’ expectations so that they have more time to enjoy life. Watch Video

About Tricon Residential (1)

Go above and beyond to enrich the lives of our residents.

Commit to and inspire excellence in everything we do.

Ask questions, embrace problems, thrive on the process of innovation.

Do what is right, not what is easy.

Elevate each other so together we leave an enduring legacy.

Our Pillars

Our three pillars correspond with our three priorities: our employees, residents and investors – reinforcing our commitment to embracing service, fostering relationships, and building an innovative business.

About Tricon Residential (2)

Culture

We believe in empowering our team members, so they are inspired to improve residents' lives every day.

About Tricon Residential (3)

Community

We value the relationships that exist among the residents we serve, the diverse neighborhoods we operate in, and our partners who support and share our vision.

About Tricon Residential (4)

Connectivity

We strive to enrich lives by making meaningful connections and using technology to better serve the needs of our residents.

Our residents’ experience is at the forefront of our thinking, and drives our actions every day.

Gary Berman, President & Chief Executive Officer

Our Leadership Team

Leading with passion: we have assembled a leadership team who embrace innovation and technology, and have vast expertise in real estate, finance, developmentand operations.Together, weare committed toreimaginingthe rentalexperience and enriching the lives of our residents.

Gary Berman is responsible for Tricon’s overall operations, including strategic planning, investment decisions, capital commitments, and relationship management. Since joining the Company in 2002, Gary has helped transform Tricon from a provider of equity and mezzanine capital to the for-sale housing industry to a leading owner and operator of rental housing. Under his leadership, Tricon has established itself as a people-first residential company with a growing portfolio of single-family rental homes, multi-family properties, and build-to-rent communities.

Gary is a Governor of the Corporation of Massey Hall and Roy Thomson Hall, where he also serves on the Massey Hall Revitalization Committee, a former Trustee of the Urban Land Institute and a former member of the University of Toronto Real Estate Advisory Committee. He is the co-founder of the Pug Awards, an online awards and education-based charity that, for a decade, helped to increase architectural awareness and elevate planning and design standards in Toronto.

Gary has a Master of Business Administration degree from Harvard Business School, where he was designated a Baker Scholar, and a Bachelor of Commerce degree from McGill University, where he graduated first overall in the Faculty of Management.

Wissam Francis oversees all aspects of Tricon Residential’s financial functions, including financial reporting and analysis, treasury, capital market strategies, and tax functions.

Wissam has extensive experience in capital markets, financial reporting, mergers and acquisitions, corporate finance and strategy formulation. He has more than 25 years of experience in real estate and has been actively involved in a variety of projects and sectors, including residential, retail, industrial, office, mixed-use and development. Before joining Tricon in 2014, Wissam was a senior member of Ernst & Young’s Transaction Real Estate advisory practice. Prior to that, he was the Director of Finance and Acquisitions at First Capital Realty.

Wissam has a CPA, CMA designation and a Master of Business Administration degree from Wilfrid Laurier University, a Master of Arts degree in Economics and Statistics from the University of Waterloo and a Bachelor of Arts degree in Finance and an Honours degree in Economics from the University of Western Ontario. He also completed Harvard Business School’s Leadership for Senior Executives Program.

Jonathan Ellenzweig is responsible for the strategic oversight of Tricon Residential’s rental housing and development platforms. He helps design and implement investment strategy, manages relationships with key stakeholders, sources new opportunities and oversees teams responsible for business plan execution and investment management. In addition, Jonathan leads Tricon’s San Francisco office.

Since joining Tricon in 2005, Jonathan has been an integral part of many of its defining strategic initiatives, including its IPO in 2010, the launch of its single-family rental business in 2012,its entry into U.S. multi-family rental in 2019, and Tricon’s privatization transaction in 2024.

Prior to joining Tricon, Jonathan worked in investment banking in New York and Toronto for Citigroup Global Markets.

He is a member of the Urban Land Institute, the Policy Advisory Board of the Fisher Centre for Real Estate and Urban Economics at the University of California, Berkeley, and serves on numerous local Boards of Directors, including Marin Girls Softball, and the Lark Theatre, a non-profit single-screen arthouse cinema in Marin County, California.

Jonathan has an Honours Bachelor of Commerce degree with First Class Honours from Queen’s University.

Kevin Baldridge is responsible for the operational oversight of Tricon Residential’s U.S. single-family rental and U.S. and Canadian multi-family rental businesses and is a key partner in establishing the strategic direction of the business. Kevin leads Tricon’s organic single-family rental acquisition program and its daily operating activities, including marketing, innovation and IT initiatives.

Prior to joining Tricon in 2015, Kevin was the President of Irvine Company Apartment Communities, where he was responsible for overseeing all property operations, asset management and acquisitions. Prior to that, he was a Senior Vice President of Boston-based General Investment and Development. Kevin is a board member of the National Rental Home Council, as well as its former President. Kevin and his wife founded and run Hope in Motion International, a charity that provides medical assistance to orphanages and villages in Latin America. He has also held board positions on the National Multifamily Housing Council, the California Apartment Association, Serving People in Need and JSerra High School.

Kevin has a Bachelor of Arts degree in Economics from the University of California, Los Angeles and a Master of Science degree in Finance and Accounting from the London School of Economics.

Sherrie Suski is responsible for overseeing Tricon Residential’s human resources function, including the sourcing, recruiting, vetting, hiring, development and retention of employees. She acts as a strategic business advisor to the executive team and departmental heads regarding key business and management issues, organizational strategy and operational effectiveness, and helps elevate team performance through innovative leadership. In order to further Tricon’s ambitious growth plans, Sherrie focuses on the hiring, training and development of caring, talented employees – as they are the foundation and future leaders of Tricon Residential.

Sherrie brings to Tricon more than 20 years of experience in building, inspiring and retaining high-performance teams. Prior to joining Tricon in 2015, she led human resources and administrative functions for several large multinational organizations and numerous venture-backed start-ups, including in the high-tech and big data space. Sherrie is a member of the invitation-only Forbes Human Resources Council and is a regular contributor to Forbes.

Sherrie has a Bachelor of Arts degree in Psychology from the University of California, Irvine, where she graduated Cum Laude and Phi Beta Kappa, and she has a Master of Science degree in Organizational Psychology from California State University, Long Beach.

David Veneziano acts as Chief Legal Officer and Chief Compliance Officer for Tricon Residential. He is responsible for overseeing all legal affairs and governance matters related to Tricon Residential’s operational and strategic objectives. David has been Tricon’s General Counsel since 2014, providing advice on all aspects of its operations, investments, corporate structuring and finance, compliance and corporate governance. He is also Tricon’s Corporate Secretary and its Chief Compliance Officer.

Before joining Tricon in 2014, David was Vice President and General Counsel of Leisureworld Senior Care Corporation (now Sienna Senior Living), where he was responsible for all legal and governance matters. Prior to working at Leisureworld, he practiced law at Goodmans LLP, where he advised a wide array of public and private enterprises in matters relating to tax, mergers and acquisitions, corporate finance, compliance and restructuring.

David is a graduate of the University of Toronto Law School and has a Bachelor of Science (Honors) degree in Human Biology and Bioethics from the University of Toronto, from which he graduated with high distinction.

Our People

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About Tricon Residential (5)

Join Our Team

Start unlocking your career potential and embark on a journey of exciting challenges. Create new communities, enhance our existing portfolio and help develop innovative ways to change the way people think about renting.

Learn More

Looking for our previous reports and filings?

Corporate Governance, Reports and Filings

Contact Us

7 St. Thomas Street, Suite 801
Toronto, Ontario M5S 2B7

Tel: 416 925 7228
Fax: 416 925 7964

About Tricon Residential (2024)

FAQs

Who is Tricon Residential owned by? ›

Private equity giant Blackstone announced Friday it was buying Tricon Residential, a Toronto-based landlord that owns 38,000 homes across the U.S. and Canada for $3.5 billion. It's comparable to Blackstone's prior deal from 2021 for Home Partners of America, which owned more than 26,000 properties, for $6 billion.

What happened to Tricon Residential? ›

(“BREIT”), acquired all of the outstanding common shares of Tricon (“Common Shares”) for $11.25 per Common Share in cash (the “Transaction”) for a total equity transaction value of $3.5 billion. BREIT will maintain its approximately 11.6% ownership stake post-closing.

What are the core values of Tricon Residential? ›

Go above and beyond to enrich the lives of our residents. Commit to and inspire excellence in everything we do. Ask questions, embrace problems, thrive on the process of innovation. Do what is right, not what is easy.

Who bought out the Tricon? ›

Goodmans LLP acted for Tricon Residential Inc. in connection with its arrangement agreement with Blackstone, pursuant to which an affiliate of Blackstone, Inc. acquired all outstanding common shares of Tricon for approximately US$3.5 billion.

How many employees does Tricon have? ›

Tricon Residential had 1,010 employees as of December 31, 2022. The number of employees increased by 42 or 4.34% compared to the previous year.

What companies are like Tricon Residential? ›

Competitor comparison
  • Morguard Corp Headquarters. Canada. 1,000. $907.2M.
  • H&R Real Estate Investment Trust Headquarters. Canada. 471. $627.8M.
  • SmartCentres Real Estate Investment Trust Headquarters. Canada.
  • Firm Capital American Realty Partners Corp Headquarters. Canada.

Who is the CEO of Tricon? ›

Tricon Residential
FormerlyTricon Capital
HeadquartersToronto, Ontario , Canada
Key peopleGary Berman, CEO
AUM$8.2 billion
Number of employees1,000+
5 more rows

What is the net worth of Tricon Residential? ›

Interactive chart of historical net worth (market cap) for Tricon Residential Inc. (TCN). TCN was delisted after December 31, 2023 and its final net worth on that date was $3.076B.

Does Tricon require bank statements? ›

Two valid forms of identification, one with photo ID (e.g. U.S. Driver's license, Passport, Social Security Card) Proof of Income (e.g. one month of paystubs, three months of bank statements) Contact Information for rental references/former landlords for the past two years.

What is the annual revenue of Tricon Residential? ›

In the year 2023, Tricon Residential had annual revenue of $849.78M with 5.47% growth. Tricon Residential had revenue of $226.41M in the quarter ending December 31, 2023, with 15.68% growth.

Does Tricon Residential pay dividends? ›

How much is Tricon Residential's dividend? TCN pays a dividend of $0.06 per share. TCN's annual dividend yield is 2.05%. When is Tricon Residential ex-dividend date?

What is the enterprise value of Tricon Residential? ›

Total Valuation

The enterprise value is $8.62 billion.

How many homes does Tricon American Homes own? ›

Tricon Residential Inc. is an owner, operator and developer of a portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada.

What is the stock price of Tricon Residential? ›

(TCN) $11.23 (NYSE) Share Price Today.

Is Blackstone buying Tricon Residential for $3.5 billion? ›

The company's $3.5 billion deal to buy Tricon Residential Inc., a Toronto-based landlord, will plunge the asset manager deeper into a single-family rental industry it helped create more than a decade ago.

Who is the owner of Tricon Energy? ›

Tricon founded

In 1996, Ignacio Torras, active President and CEO, founded Tricon Energy in Houston, TX, USA.

Who owns Tricon garage? ›

About TRICON Garage

Under ownership by former NASCAR driver David Gilliland, businessman Johnny Gray and industry veteran Kevin Ray, TRICON is actively involved in three different industries – racing, fabrication and transportation.

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