Case Study: Tricon validates demand for build-for-rent community with RCLCO market assessment

Tricon validates demand for 148-unit BFR community with RCLCO

Tricon engaged RCLCO Real Estate Consulting to help define and quantify the market opportunity for a new Build-for-Rent community in Tomball, Texas. Their challenge was to assess the feasibility and potential demand for this new type of purpose-built single-family rental development in the area.

RCLCO assessed the site's competitive position, confirming its locational strengths and determining there was likely unmet demand for this product. The firm provided strategic guidance that validated the demand, recommended strong rental rates at the top of the market, and supplied key underwriting metrics. As a result, Tricon moved forward with the development, which was scheduled to break ground in late 2021.

Tricon