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Blackstone intends to complete Tricon's $2.5B development pipeline of new apartments in Canada and $1B of new single-family rental homes in the United States. Blackstone will also improve the quality of Tricon's existing US rental homes through an additional $1B of planned capital projects over the next several years.
"Tricon provides access to high-quality housing, and we are fully committed to delivering an exceptional resident experience together," said Nadeem Meghji, Global Co-Head of Blackstone Real Estate.
"We are excited that our capital will propel Tricon’s efforts to add much needed housing supply across the US and in Toronto, Canada."
From Toronto storeys
What would happen to Toronto realtor marketing ?
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