Tricon Residential Inc., a Blackstone Real Estate portfolio company, broke ground on Tricon Simpsonville, a new built-to-rent (BTR) community that will bring 93 professionally managed rental homes to Simpsonville, South Carolina.
The U.S. continues to face a shortage of 4-5 million homes, driving up costs and limiting access to quality housing. Tricon Simpsonville addresses this need by delivering thoughtfully designed, attainable homes in a desirable location at rents well below the monthly cost of homeownership, with access to excellent schools, job centers, and community amenities that will include tennis and pickleball courts, a pool, and more.
Located at the corner of Hunter Road and Beautyberry Street in Simpsonville, South Carolina, Tricon Simpsonville will offer 93 new single-family homes featuring:
- Spacious three-bedroom townhomes
- Two-car garages, fully fenced front yards, and gated front porch patios
- Quartz countertops, stainless steel appliances, and luxury wood-style flooring
- Smart home technology with automatic thermostat control, keyless entry, and leak detection sensors
- Proximity to high-quality local elementary, middle, and high schools
- Access to numerous amenities in the broader master planned community, including pool, firepit, pond, playground, dog park, amphitheater, pickleball and tennis courts, and much more
“Tricon Simpsonville will deliver new, high-quality housing to the Greenville area, with access to terrific community amenities, expanding single-family living opportunities for more South Carolina families,” said Jonathan Ellenzweig, EVP and Chief Investment Officer at Tricon Residential. “We’re proud to build and develop this community in partnership with Dream Finders Homes, helping to meet the growing demand for housing in this region at prices families can afford — all without the financial burden of traditional homeownership.”
David O’Neill, Managing Director at Blackstone Real Estate said, “Blackstone and Tricon are committed to expanding America’s housing supply through professionally managed, thoughtfully designed communities like Tricon Simpsonville. This project reflects our shared vision of making single-family living more accessible and affordable.”
“Dream Finders Homes is thrilled to partner with Tricon on this exciting new community in South Carolina,” said Christopher Pena, Division President at Dream Finders Homes. “Tricon Simpsonville adds great housing options in Greenville at more affordable prices, while offering families the space, comfort, and amenities they deserve.”
Tricon Residential is an owner, operator and developer of single-family rental homes in the U.S. and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential.
