1 publicly disclosed transaction where Tricon Residential (Blackstone Real Estate) played an advisory, financing or investing role, most recent first.
Jan 19, 2024
Tricon Residential Inc.
Target · Residential real estate
Buyer Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust (BREIT) · Seller Tricon shareholders
All-cash take-private at US$11.25 (about C$15.17) per share, a 30% premium. The deal received Investment Canada Act approval in April 2024, closed on May 1, 2024, and delisted Tricon from the TSX and NYSE. Blackstone committed to finishing the Canadian apartment pipeline with Tricon's JV partners.
