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Tricon Launches $2 Billion Joint Venture to Buy U.S. Homes

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Pictured: Tricon American Homes' headquarters in Orange County, CA.Toronto-based Tricon Capital Group Inc. said it has signed up one of the world's largest sovereign wealth funds and a similar level state pension plan in the United States for a new fund that has committed $750 million in equity to buy 10,000-12,000 single family homes expected to be valued at roughly $2 billion. The portfolio of single-family rental homes will be acquired by Orange...

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