Leading national construction firm unveils plans to build more than 1,000 new rental homes over the next 24 months
SCOTTSDALE, Ariz.-- Tricor, LLC, a leading figure in the construction industry, proudly unveils a groundbreaking initiative aimed at addressing the critical need for affordable housing. The company is embarking on a $150 million capital raise to fund the construction of over 1,000 rental homes in the affordable housing sector across the United States, with a particular emphasis on the vibrant markets of Texas and Florida.
National construction firm Tricor has embarked on a $150M capital raise to build 1,000 high-quality affordable homes
Tricor is actively seeking investment partners to join forces in pioneering turnkey development projects that will make a significant impact on the affordable rental housing landscape. With a proven track record in the construction industry, having built over 26,000 homes to date, Tricor specializes in build-to-rent and renovate-to-rent home construction, serving communities in 16 states nationwide.
Tricor, LLC's latest endeavor comes on the heels of the company's remarkable inclusion in the prestigious Inc. 5000 List of Fastest-Growing Private Companies, where it reported an astounding 330% revenue growth over the last three years. This recognition underscores Tricor's unwavering commitment to excellence, innovation, and transformative impact in the rental housing market.
"Tricor's mission has always been to make quality, affordable housing accessible to all," said Craig Lonsdale, Founder and CEO at Tricor.
Craig Lonsdale, Founder and CEO, Tricor, LLC
"With our $150 million capital raise initiative, we aim to turn this vision into a reality. By focusing on markets in Texas and Florida, we are strategically positioning ourselves to address the affordable housing crisis in high-demand regions. We invite investment partners who share our commitment to join us in making a positive difference."
Tricor's Scottsdale, Arizona-based headquarters serves as the central hub for its operations spanning 16 states across the United States. The company's core expertise lies in build-to-rent and renovate-to-rent home construction, which enables it to meet the evolving demands of the housing market and deliver homes tailored to the needs of renters.
"We believe the current market is tailor-made for investments in construction and development of new-build rental homes," Lonsdale said. "With housing demand at an all-time high, these kind of projects put the American dream within reach for consumers while delivering outstanding returns for partner investors," he said.
Tricor invites interested investors and partners to join in this transformative journey to provide quality, affordable housing to communities in need. For more information on investment opportunities and partnerships, please visit www.tricorsfr.com.
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.
