The Blackstone Group agreed to invest $300m in Tricon Residential, a rental housing company focused on serving the middle-market demographic in North America. "This investment in Tricon illustrates Blackstone Real Estate's confidence in our business fundamentals and the value in our stock. Blackstone inherently understands our business and is exceptionally well-positioned to help us bring our tech-enabled operating platform to its full potential. We are excited to have the support of one of the world's largest real estate investors, and we are confident that this investment will create significant value for both Tricon's and BREIT's shareholders," Gary Berman, Tricon Residential CEO.