Tricon Residential Acquisition of 112-Home SFR Portfolio in Charlotte, NC

Deal value: $38.4M

Tricon Residential acquired a portfolio of 112 scattered-site single-family rental homes across Charlotte, North Carolina, targeting high-growth suburban neighborhoods.

Tricon Residential’s acquisition of the 112-home single-family rental portfolio in Charlotte is driven by a belief in the continued growth and resilience of the SFR sector, especially in high-growth Sun Belt markets like Charlotte. The investment thesis centers on capturing stable rental income, benefiting from demographic shifts toward suburban living, and leveraging institutional scale to meet rising demand for quality rental housing. Timing is influenced by strong migration trends, limited housing supply, and investor appetite for inflation-hedged real assets.