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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.
Tricon Completes $570 Million U.S. IPO and Private Placement
- Client News
- October 12, 2021
Paul, Weiss advised Tricon Residential Inc. in its U.S. initial public offering, as well as its concurrent private placement of common shares to Blackstone Real Estate Investment Trust, Inc. (BREIT). Tricon is an owner and operator of single-family rental homes and multi-family rental apartments in the U.S. and Canada. The company issued 41,400,000 common shares to the public and 4,848,746 common shares to BREIT. Morgan Stanley, RBC Capital Markets, Citigroup, Goldman Sachs, Scotiabank and Keefe, Bruyette & Woods served as joint bookrunning managers for the offering.