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TORONTO, June 7, 2021 /CNW/ - Tricon Residential Inc.
("Tricon" or the "Company") (TSX: TCN), an owner and operator of
single-family rental homes and multi-family rental apartments in
the United States and Canada, is pleased to announce its inclusion
in the FTSE EPRA Nareit Global Developed Index (the "Index")
effective as of the close of business on June 18, 2021. The Index has confirmed Tricon's
inclusion in its June 2021 Quarterly
Review.
The Index is a leading benchmark index for listed real estate
investment companies and Real Estate Investment Trusts ("REITs")
worldwide. It was developed by FTSE Russell in collaboration with
the European Public Real Estate Association (EPRA), the European
association for listed real estate, as well as the National
Association of Real Estate Investment Trusts (Nareit), a U.S.-based
association for REITs and publicly-traded real estate
companies.
"We are delighted to join the FTSE EPRA Nareit Global Developed
Index. This is an important milestone in our transition to a real
estate owner and operator, creating stronger alignment between our
business and our capital markets profile," said Gary Berman, President and CEO of Tricon
Residential. "We expect our index inclusion to open the door to a
broader investor base, and we look forward to welcoming new
shareholders to participate in our growth."
About Tricon Residential Inc.
Tricon Residential is an owner and operator of a growing
portfolio of over 31,000 single-family rental homes and
multi-family rental apartments in the
United States and Canada
with a primary focus on the U.S. Sun Belt. Our commitment to
enriching the lives of our residents and local communities
underpins Tricon's culture and business philosophy. We strive to
continuously improve the resident experience through our
technology-enabled operating platform and innovative approach to
rental housing. At Tricon Residential, we imagine a world where
housing unlocks life's potential. For more information visit
www.triconresidential.com.
This press release may contain forward-looking statements
relating to expected future events, including statements regarding
the Company's inclusion in the Index and the potential impact of
such inclusion. Forward-looking information and statements
are based on management's expectations, intentions and assumptions.
If unknown risks arise, or if any of the assumptions underlying the
forward-looking statements prove incorrect, actual results may
differ materially from management expectations as projected in such
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
unless required by applicable law.
SOURCE Tricon Residential Inc.