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Earlier this month, Tricon celebrated the grand opening of Tricon Saginaw, a new build-to-rent community in Saginaw, Texas. The community delivers 166 professionally managed single-family homes, helping to meet Texas’s growing housing demand.
Tricon’s Andy Carmody led the event alongside Matt McGhee of HHS Residential and Mayor Todd Flippo.
In partnership with Blackstone, Tricon is providing thoughtfully designed homes and communities that enable families to live in great neighborhoods with access to quality schools and job opportunities, at rents well below the monthly cost of homeownership.
It's a miracle what is happening in Texas today relative to other places across the country. Pro growth policies, pro business and pro investment activities. The mindset, the financing and the desire to grow is unmatched in Texas, particularly in DFW and Houston than anywhere else in the country. We would acknowledge though, that that success and growth puts pressure on cities and towns, pressure on families and households, right? The economists estimate the DFW is short over 100,000 homes today and Texas over 300,000 homes. And Tricon is trying to be a part of the solution on providing more housing and more affordable housing to families that already live here or families that are moving here from all over the country to take advantage of the great prosperity that the DFW region and the Texas offers. Overall. Tricon and HHS have been working together for a number of years now to do what we think is really special. And that is to build exceptional resident focused communities together. We have to ask ourselves a long list of questions. How would our families furnish this space just so that they could come home at the end of a long day and enjoy each other's company? And we ask ourselves really the most important questions like how will our children and our and our families children utilize and enjoy these spaces And we have these. Discussions about the parks in and around our own communities at home and which elements that our own children like the best. Really pleased that the Tricon is invested and will be a long term and owner and operator of this. That's what we really want we we want corporate citizens. We want to work together and people mentioned before you know who's going to live here when I'll tell you who's going to live here young families we just starting out people with kids. We are blessed to have fantastic schools out here. That's a big draw for us we're fortunate that people want to live here and that's a good problem to have and what do they need they need to. Mobile housing. So I appreciate Tricon stepping up. I like the concept of big detached home. You feel like you have a home and and I like that.
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