Blackstone Real Estate Partners X to take Tricon Residential Inc. private in acquisition
Acquiring Company
Blackstone
Acquired Company
Tricon Residential
New York
TorontoFinancial ServicesReal EstateFinanceReal Estate InvestmentReal EstateHospitalityProperty ManagementDescription
Tricon Residential Inc. announced that it has received final court approval for a take-private by Blackstone Real Estate Partners X. Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc., will acquire all of the outstanding common shares of Tricon for US$11.25 per Common Share in cash. The completion of the transaction is subject to certain customary closing conditions and regulatory approval under the Investment Canada Act, expected to be completed in the second quarter of this year.
Quick answer
Blackstone is acquiring Tricon Residential, announced April 5, 2024. Blackstone is based in New York, New York, United States.
- How much did Blackstone pay for Tricon Residential?
- The deal value was not disclosed.
- What does Blackstone do?
- Blackstone is one of the world's leading investment firms.
- Where are Blackstone and Tricon Residential based?
- Blackstone is based in New York, New York, United States. Tricon Residential is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Blackstone?
- Fundz holds 4 contacts at Blackstone. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Blackstone Real Estate Partners X to Take Tricon Residential Inc. Private (March 28, 2024)
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Frequently asked
Who acquired Tricon Residential?
Tricon Residential was acquired by Blackstone, based in New York. The deal was reported on April 5, 2024. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.
When did Blackstone acquire Tricon Residential?
Blackstone's acquisition of Tricon Residential was reported on April 5, 2024. Tricon Residential Inc. announced that it has received final court approval for a take-private by Blackstone Real Estate Partners X. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tricon Residential do?
Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is a real estate company focused on rental housing with a presence in both the United States and Canada. The company serves a range of tenants and provides a variety of residential property solutions. It is privately held, operating in Real Estate, and is based in Toronto.
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