“Tricon Capital Group is a sophisticated, world-class investment organization,” said The New Home Company CEO Larry Webb. “Combining their expertise with the strength of IHP Capital Partners and Watt Companies creates an amazing ownership structure that will allow us to take advantage of new opportunities.”
Tricon invests $10 million in Californian developer and home builder
January 10, 2010
Call ’em vultures or call ’em great bargain shoppers, Tricon announced that it will invest $10 million in The New Home Company, a Californian developer and builder.
The New Home Company was established in 2009 to take advantage of the bargains in the California real estate scene. And now, Tricon wants in too.
And it sounds like a match made in heaven (or a heavenly match made in North America).
According to Sympatico Finance: