CORONA, CA—Canadian investor Tricon Capital Group Inc. has closed a $142.5 million investment to support the acquisition of a fully-entitled, large scale, infill residential master planned community located in Corona.

Tricon plans to develop and sell partially finished lots to homebuilders. One of Tricon’s institutional partners has allocated nearly $97 million and an additional $46 million is allocated by two US funds associated with Tricon. The developer of the Project will be The New Home Company Inc. , an award-winning Orange County based land developer and homebuilder.

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