Tricon Capital Group’s $210 Million Acquisition of 708 Homes In Nashville


Jones Day advised Invitation Homes L.P. in connection with the sale of 708 homes in Nashville to Tricon Capital Group Inc. for $210 million.

Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) today announced the sale of 708 homes in Nashville to Tricon Capital Group Inc. (“Tricon,” TSX: TCN) for gross proceeds of $210 million. The transaction closed on December 9, 2019.

Pursuant to its strategy to reduce leverage, Invitation Homes intends to use proceeds from the transaction with Tricon primarily to prepay debt.

Roofstock, Inc. acted as an advisor to Invitation Homes on this transaction.

The Jones Day team was led by Peter Bergan Jr (Picture).

Involved fees earner: Peter Bergan – Jones Day;

Law Firms: Jones Day;

Clients: Invitation Homes Inc.;

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Author: Ambrogio Visconti