TRICOR Celebrates 10th Anniversary with Remarkable Growth and Industry Recognition

Scottsdale, AZ – May 21, 2024 – TRICOR, a pioneering construction services firm in the single-family rental (SFR) sector, is thrilled to celebrate its 10th anniversary. This milestone coincides with the company’s recent accolade of being honored on the prestigious Inc. 5000 List of America's Fastest-Growing Private Companies, showcasing an impressive 3-year revenue growth surpassing 330%. TRICOR is proud to be recognized as the #1 turn company in the U.S. rental home construction sector.

Since its founding in 2014, TRICOR has consistently set the standard for excellence and innovation in the SFR construction industry. Headquartered in Scottsdale, TRICOR has emerged as a leader in build-to-rent and renovate-to-rent construction, serving large portfolio and institutional investors across the United States.

"Reaching our 10th anniversary is a significant milestone for TRICOR," said Craig Lonsdale, Co-Founder and CEO of TRICOR. "Our recognition on the Inc. 5000 List is a testament to the dedication and hard work of our entire team. We have always focused on innovation, sustainability, and profitability, which has allowed us to reshape the rental housing market. We are excited to continue driving transformation in the industry."

TRICOR’s success is driven by its unique, vertically-integrated business model that manages every aspect of construction—from land procurement and entitlements to design and build. This approach enables broad innovation, enhancing quality and speeding up delivery at every step. TRICOR’s proprietary construction model allows for rapid building and remodeling of energy-efficient rental housing, addressing industry challenges and setting new benchmarks for excellence.

"Being recognized as the #1 turn company in the U.S. rental home construction sector is a tremendous honor, although it feels like we are just getting started," said Josh Fancher, Co-Founder and Chief Operations Officer for TRICOR. "Our ability to manage every aspect of construction allows us to implement broad innovation that enhances quality and speeds delivery every step of the way. We are proud to set the standard in this industry and look forward to continuing our mission of providing high-quality rental homes."

With operations across 16 states and over 30,000 homes renovated to date, TRICOR partners with some of the largest institutional housing developers and investors to modernize and elevate the rental housing market. The company’s dedication to creating mindfully designed rental homes using alternative materials and methods ensures long-term profitability and improved living standards for residents.

As TRICOR celebrates this milestone, it reflects on a decade of remarkable achievements and looks forward to future growth and innovation. The company's strategic partnerships and innovative approach continue to propel it to the forefront of the SFR construction sector. For more information about TRICOR and its services, please visit www.tricorsfr.com. 

For additional photos or to schedule an interview, contact Melissa Rein Lively, The Brand Consortium PR.

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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.