June 27 (Reuters) - Tricon Capital Group Inc TCN.TO :
* TRICON ANNOUNCES $2 BILLION JOINT VENTURE TO ACQUIRE OVER 10,000 SINGLE-FAMILY RENTAL HOMES
* TRICON CAPITAL GROUP - TRICON'S $250 MILLION EQUITY COMMITMENT IS EXPECTED TO BE FUNDED USING INTERNALLY GENERATED CASH FLOW
* TRICON CAPITAL GROUP INC - JOINT VENTURE TO BE CAPITALIZED WITH A TOTAL EQUITY COMMITMENT OF $750 MILLION
* TRICON CAPITAL GROUP - UNDER TERMS OF JV, TRICON & TWO INVESTORS HAVE EACH COMMITTED TO INVEST $250 MILLION FOR ONE-THIRD INTEREST IN JV
* TRICON CAPITAL GROUP - JV TO CREATE A PORTFOLIO OF SINGLE-FAMILY RENTAL HOMES WHICH WILL BE ACQUIRED AND MANAGED BY TRICON AMERICAN HOMES
* TRICON CAPITAL GROUP - TRICON AMERICAN HOMES' EXISTING PORTFOLIO & OPERATING PLATFORM WILL REMAIN WHOLLY OWNED BY TRICON AND OUTSIDE OF JV