Tricor’s new construction department offers end to end development and construction services for the single-family rental space. Our new build department offers construction needs for large portfolios and institutional investors. Tricor offers a cost-plus development agreement, a client portal and additional venture opportunities. Tricor currently controls five build-for-rent developments totaling 748 homes in the growing Raleigh-Durham-Cary, North Carolina market. Two developments of 234 homes have zoning and site plan approved with early grading scheduled to begin in December 2023. Tricor currently controls one build-for-rent development of 120 homes in Denton, Texas in the growing Dallas-Fort Worth-Arlington, Texas market and is working to control an additional 705 homes. Tricor is daily evaluating new land opportunities for development in growing sunbelt markets and seeking capital partners to complete these developments.

Our Process

Step 1
Land & Capital

Land Due Diligence

Provide the following deliverables to assist clients in decision making: In-House Density Studies Pro Forma(s) Market Comps Initial City Meetings Required Designer Proposals

Partnerships

Provide introductions to key consultants: Capital Raising 3rd Party Market Studies Property Management Title & Escrow Insurance

Step 2
Entitlement & Development

Design & City Approval

Lead consultant team through re-zoning, construction drawings and municipal approval process

Budgets

Provide detailed cost breakdown for vertical, horizontal and general conditions budgets

Schedule

Develop and manage the overall project schedule, phasing and coordination

Specifications

Review material selections through Tricor national supply-chain

Step 3
Construction

Owner Portal

Dedicated login with real-time access to the project schedule, invoices, budget, etc.

Supply-Chain

Direct to manufacturing material sourcing, bulk buying and streamlined delivery process

Component Building

Leader in an emerging category of building that increases project efficiency and production

Management

Provide full coordination during FF&E, leasing and warranty period

Our Mission

To deliver low cost and low maintenance homes to institutional investors.

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