Aug 27 (Reuters) - Tricon Residential Inc TCN.TO :
* TRICON ANNOUNCES $300 MILLION INVESTMENT LED BY BLACKSTONE REAL ESTATE INCOME TRUST, INC.
* TRICON RESIDENTIAL INC - BLACKSTONE REAL ESTATE, HAS AGREED TO MAKE A $300 MILLION PREFERRED EQUITY INVESTMENT THROUGH PURCHASE OF NEWLY-CREATED UNITS
* TRICON RESIDENTIAL INC - BREIT WILL ACQUIRE $240 MILLION OF PREFERRED EQUITY
* TRICON RESIDENTIAL INC - EXCHANGEABLE PREFERRED ISSUANCE PRICE OF US$8.50 PER SHARE
* TRICON RESIDENTIAL INC - EXPECTS TO USE FULL NET PROCEEDS OF INVESTMENT TO REPAY ITS CORPORATE CREDIT FACILITY
* TRICON RESIDENTIAL INC - COMMITTED TO REDUCING ITS LEVERAGE TO A NEAR-TERM TARGET OF 50-55% NET DEBT/ASSETS
* TRICON RESIDENTIAL INC - FRANK COHEN WILL JOIN TRICON'S BOARD