Tricor's Innovative Approach and Strategic Partnerships Propel it to the Forefront of the Single-Family Rental Construction Sector
Scottsdale-based TRICOR earns top spot on prestigious Inc. 5000 List for the first time in the company's history
SCOTTSDALE, Ariz.-- TRICOR, a leading construction services firm and industry pioneer in the single-family rental (SFR) sector, is proud to announce its inclusion on the prestigious Inc. 5000 List of America's Fastest-Growing Private Companies. The recognition spotlights TRICOR's exceptional growth trajectory as the company plans additional expansion as one of the largest build-to-rent and renovate-to-rent construction firms in the U.S.
With an impressive 3-year revenue growth exceeding 330%, TRICOR has solidified its position as one of the fastest-growing construction firms in the United States. The company's remarkable achievement showcases its dedication to creating mindfully designed rental homes using alternative materials and methods, all while ensuring long-term profitability.
"Being recognized on the Inc. 5000 List is a testament to the dedication and hard work of the entire TRICOR team," said Craig Lonsdale, Founder and CEO of TRICOR. "Our focus on innovation, sustainability, and profitability has allowed us to reshape the landscape of the rental housing market, and we are excited to continue driving transformation in the industry," he said.
At the heart of TRICOR's success lies its unique strategy focused on risk reduction, increased profitability, and enhanced net operating income (NOI) throughout the construction process. This strategy has enabled the company to stand out as a pioneer in the single-family rental construction sector, setting a new standard for excellence and innovation.
"Being recognized on the Inc. 5000 List is a testament to the dedication and hard work of the entire TRICOR team," said Craig Lonsdale, Founder and CEO of TRICOR. "Our focus on innovation, sustainability, and profitability has allowed us to reshape the landscape of the rental housing market, and we are excited to continue driving transformation in the industry," he said.
At the heart of TRICOR's success lies its unique strategy focused on risk reduction, increased profitability, and enhanced net operating income (NOI) throughout the construction process. This strategy has enabled the company to stand out as a pioneer in the single-family rental construction sector, setting a new standard for excellence and innovation.
"Our business model is vertically-integrated to anticipate and address housing industry challenges that have hobbled our competitors," Lonsdale said. "We developed a proprietary construction model that allows us to rapidly build and remodel rental housing product that is superiorly energy efficient and easy to scale on a faster build cycle," he said.
The company sets itself apart from competitors with its unique operations model. "Because we can manage every aspect of construction from land procurement to entitlements to design and build, we can implement broad innovation that enhances quality and speeds delivery every step of the way," said Josh Fancher, Co-Founder and Chief Operations Officer for TRICOR.
As a national turnkey construction operator for the single-family rental space, TRICOR specializes in end-to-end construction for large portfolio and institutional investors. As a vital service provider since the inception of this asset class, TRICOR understands the specifications of SFR investors. With an existing national footprint, corresponding experience and the ability to execute at a high volume,TRICOR is an emergent leader in the construction services industry.
TRICOR's impact has been felt across 16 states where the company is licensed to operate as a builder specializing in the single-family rental industry. With over 22,000 homes renovated to date, TRICOR has positioned itself as the premier SFR construction service provider, partnering with institutional investors to revitalize and elevate existing portfolios through renovations and new construction.
TRICOR's Scottsdale-based headquarters serves as the hub for its operations across the United States. The company's partnership with some of the largest institutional housing developers and investors in the nation has enabled it to modernize and elevate the rental housing market, enhancing the quality of living for residents in communities across the U.S.
For more information about TRICOR and the communities they serve visit www.tricorsfr.com. To additional photos or schedule an interview with TRICOR, contact Melissa Rein Lively, The Brand Consortium PR.
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About TRICOR
TRICOR, LLC is a construction pioneer for single-family rentals. Together with improving existing homes, TRICOR manages and builds mindfully designed rental homes using alternative material and methods with long-term profitability in mind. With a direct focus on reducing risk, increasing profitability, and net operating income (NOI) through the construction process, TRICOR’s strategy has created a platform to permanently transform the home building sector. TRICOR is the premier single-family rental (SFR) construction service company which is licensed to perform construction in over 16 states and has renovated more than 22,000 homes. TRICOR partners with institutional investors to improve and upgrade existing portfolios through renovation and new construction.
