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Tricon Capital CEO buys into U.S. home rentals

bora ucak/iStockphoto

Last year, Tricon Capital Group Inc. expanded into the market for management of distressed U.S. residential rental properties. Investors have had an appetite for the strategy with the stock up more than 75 per cent in the past 12 months. CEO David Berman also appears to have literally bought into the business move. Since last June he has spent over $1-million buying shares in the public market. His most recent buying took place on Jan. 7 when he purchased 30,500 shares.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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