Tricon Debuts Eighth BTR Development in California

Tricon Debuts Eighth BTR Development in California
News| March 31, 2026| Paul Bubny
California & West + Apartment Buildings

Tricon, a Blackstone Real Estate portfolio company, held the grand opening of Tricon Winchester, a build-to-rent (BTR) community in Riverside County. The 180-home development is part of the company’s broader effort to expand access to single-family rentals in quality neighborhoods.

Tricon Winchester was developed in partnership with Foremost Pacific Group on vacant land, transforming an underutilized site into much-needed housing for families in the Inland Empire. Tricon has now launched eight new BTR communities in California and invested in a pipeline of 5,500 new rental community homes delivered or under development nationwide.

“Families want the space and stability of a single-family home, but in today’s market, the monthly cost of owning often puts that out of reach,” said Andrew Carmody, senior managing director at Tricon. “In the Inland Empire, owning a home can cost roughly 40% more per month than renting a comparable home. Tricon helps to bridge that gap.”

Other News

ESJ Inks Acquisition Loan for 144-Unit Kannapolis Rental Asset

Atlanta & Southeast + Apartment Buildings

ESJ Partners utilized a $19.9 million loan to finance the acquisition of The Bridges of Cabarrus, a 2021-vintage garden-style multifamily community comprising 144 units across seven three-story buildings in Kannapolis, North Carolina. The property sold for $29.5 million. Pickering & Co. was the seller. The loan was originated and structured on behalf of Pearlmark Realty Senior...

Learn more

Embrey Scores $76.2M Financing for 354-Unit Orlando Apartment Community

Florida & Gulf Coast + Apartment Buildings

Embrey obtained $76.2 million in construction take-out financing for Citron at The Packing District, a 354-unit, Class A multifamily community in Orlando, Florida.  Newmark engaged the bridge-lending market, debt funds, balance-sheet lenders, and CLO-driven capital sources to secure the financing. Newmark’s Matthew Williams and Rob Wright secured the financing on behalf of EMBREY, with support...

Learn more

Upper Canada Mall’s $411M Sale Leaves 5,100-Home Vision In Place

Canada + Apartment Buildings

Upper Canada Mall is changing hands, but Newmarket says the long-term plan to turn its sprawling parking lots and surrounding land into a mixed-use neighbourhood remains in place. Primaris is acquiring the 990K-SF shopping centre at 17600 Yonge St. from Oxford Properties for $411M, with the transaction expected to close by Oct. 31. The deal...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up