Photo by Tricon Capital —Houston

Toronto, Ontario-Locally-based Tricon Capital Group has plans to invest in existing US middle-market housing stock and affordable rentals this year.

"The US is facing a shortage of, and high demand for, new affordable housing as many developers struggle to deliver single-family entry level homes to these markets," Jonathan Ellenzweig, senior managing director of Tricon Capital Group tells GlobeSt.com. "We are on-track to acquire approximately 3,000 homes this year alone. We are also focusing on investing in multifamily assets."

Ellenzweig says Tricon is seeing a significant demand for single family housing from families who do not have the desire to own or cannot afford to purchase a home. These families are seeking more access to the outdoors, stellar school districts and nice neighborhoods.