TRICON RESIDENTIAL TO BE ACQUIRED BY BLACKSTONE

22 January 2024

On January 19th, 2024 Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN) announced that they have entered into an arrangement agreement under which Blackstone Real Estate Partners X together with Blackstone Real Estate Income Trust, Inc. will acquire all outstanding common shares of Tricon for $11.25 (approximately C$15.17) per Common Share in cash.

The offer price reflects a $3.5 billion equity transaction value based on fully-diluted shares outstanding.

Blackstone Real Estate to Take Tricon Residential Private


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