SFR JV-1 definition

SFR JV-1 means the joint venture arrangement entered into between the Company and two institutional investors in 2018 to assemble a portfolio of single-family rental homes that will be managed by the Company.
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Examples of SFR JV-1 in a sentence

  • Operating metrics are stated at Tricon’s proportionate share of the managed portfolio and exclude limited partners’ interests in the SFR JV-1, SFR JV-HD and SFR JV-2 portfolios.

  • Represents the limited partners’ interest in the NOI from SFR JV-1, SFR JV-2 and SFR JV-HD.

  • Represents the limited partners’ interest of the capital expenditures in SFR JV-1, SFR JV-2 and SFR JV-HD.

  • The Company expectsto finalize the determination of the fair values of the assets and liabilities acquired within twelve months of the Transition Date, which could result in material differences from the preliminary values presented in these consolidated balance sheets.Ownership interests in SFR JV-1 are in the form of limited partnership interests which are classified as liabilities under the provisions of IAS 32.

  • The transaction proceeds were used to repay existing short-term SFR JV-1 debt.(6) On November 10, 2020, Tricon closed a new securitization transaction involving the issuance and sale of six classes of fixed-rate pass-through certificates with a face amount of $440,506, a weighted average coupon of 1.94% and a term to maturity of seven years.

  • The Company expects to finalize the determination of the fair values ofthe assets and liabilities acquired within twelve months of the Transition Date, which could result in material differences from the preliminary values presented in these consolidated balance sheets.Ownership interests in SFR JV-1 are in the form of limited partnership interests which are classified as liabilities under the provisions of IAS 32.

  • All intra-group balances and transactions are fully eliminated upon consolidation.The Company currently consolidates Tricon Single-Family Rental REIT LLC and its wholly-owned subsidiaries, along with SFR JV-1 (collectively, the “single-family rental” business), Tricon US Multi-Family REIT Inc.

  • LIMITED PARTNERS’ INTERESTS IN SINGLE-FAMILY RENTAL BUSINESS‌Third-party ownership interests in SFR JV-1 are in the form of limited partnership interests which are classified as liabilities under the provisions of IAS 32.

  • Deemed acquisition of single-family and multi-family rental businessesOn the Transition Date, Tricon SF Home Rental ULC and its wholly-owned subsidiaries, along with SFR JV-1 (collectively, the “single-family rental” business), and TLR Saturn Master LP and its wholly-owned subsidiaries (collectively, the “multi-family rental” business) were deemed to have been acquired by the Company and were accounted for as business combinations in accordance with IFRS 3.

  • Active Investment VehiclesEach of the Company’s Active Investment Vehicles is profiled briefly below.Single-Family Rental Separate AccountsOn June 27, 2018, the Company entered into SFR JV-1, a joint venture arrangement with two leading institutional investors to assemble a portfolio of single-family rental homes to be acquired and managed by Tricon.

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