11:43 AM EST - Tricon Capital Group : acquired a portfolio of approximately 550 homes in Charlotte, North Carolina for $26 million U.S. Based on current income in place, the portfolio is generating an income yield/cap rate of over 12.5% (before maintenance/capex reserves). The acquisition marks Tricon's expansion into Charlotte. The Company's operating partner in the market will be Lake Success Living, Tricon's current partner in Southeast Florida, which also has operations in Charlotte. Tricon Capital Group
shares T.TCN are trading down $0.05 at $6.45.
