Tag: residential

Blackstone to take Tricon Residential private for $3.5 billion

(Reuters) – Investment management company Blackstone has agreed to take Canadian real estate firm Tricon Residential private for $3.5 billion, the companies said on Friday. U.S.-listed shares of Tricon jumped about 28% at market open, hitting nearly a one-and-a-half-year high. Under the deal, Blackstone will acquire all outstanding shares of Tricon for $11.25 per share […]

Residential structure fire under investigation

Jan. 16—A residential structure fire is under investigation after a resident was found deceased Monday. The Stillwater Fire Department, Stillwater Police Department and LifeNet EMS responded to the fire around 7:41 p.m. Monday. “Upon arrival, fire crews found smoke and flames emitting from the back of the house. Crews entered the structure to attack the […]

3 Residential REITs With Yields Up To 7.22%

Residential real estate investment trusts (REITs) own, operate and/or finance income-producing residential properties. They provide a way for people to invest in large-scale real estate operations without having to buy or manage properties themselves. Residential REITs invest in various types of housing, such as apartments, student housing and single-family homes, and generate revenue through leasing […]