tricon is a principal investor and asset manager focused on the residential real estate industry in north america with approximately $4.6 billion (c$5.8 billion) of assets under management. tricon owns, or manages on behalf of third-party investors, a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities and multi-family development projects. our business objective is to invest for investment income and capital appreciation through our principal investment business and to earn fee income through our private funds and advisory business. since its inception in 1988, tricon has invested in real estate and development projects valued at approximately $19 billion.