Scottsdale-Based Construction Firm Doubles Growth in 2022

As the single-family rental market continues explosive growth across the U.S., Scottsdale-based construction services firm TRICOR is bringing the vision of high-quality, modern, new and accessible rental homes to life. Specializing in both single-family rental renovations and build-to-rent new construction, the company doubled its anticipated growth in 2022. The firm, founded in 2014, employs over 100 people and licensed in over 16 states with plans for continued growth and expansion in 2023.

“At a time where many construction firms are set back by challenges with supply-chain, labor shortages and delays, TRICOR is renovating, building and delivering homes for our development partners and investors at an accelerated pace,” said Joel Thomas, Vice President of Construction for TRICOR.

“Our business model is vertically-integrated to anticipate and address housing industry challenges that have hobbled our competitors,” Thomas said. “We developed a proprietary construction model that allows us to rapidly build and remodel rental housing product that is superiorly energy efficient and easy to scale on a faster build cycle,” he said. “Because we can manage every aspect of construction from land procurement to entitlements to design and build, we can implement broad innovation that enhances quality and speeds delivery every step of the way,” he said.

As a national turnkey construction operator for the single-family rental space, TRICOR specializes in end-to-end construction for large portfolio and institutional investors. As a vital service provider since the inception of this asset class, TRICOR understands the specifications of SFR investors. With an existing national footprint, corresponding experience and the ability to execute at a high volume,TRICOR is an emergent leader in the construction services industry.

In 2023, TRICOR will remain focused on aligning with forward-thinking developers and institutional investors committed to building lifestyle-driven communities that best serve the demands of today’s increasingly more sophisticated rental market. From futuristic communities like Tempe’s carless ‘Cul-de-Sac’ project to contemporary luxury community Benloch Ranch in Park City, TRICOR pioneers truly visionary projects designed to foster growth and community that are redefining the renter experience.

The Scottsdale-based construction services firm is licensed to operate in 16 states across the U.S. as a builder focused on the single-family rental industry. The company specializes in build-to-rent and renovation properties, working in partnership with some of the largest institutional housing developers and investors in the country to modernize the rental housing market.

“TRICOR continues to expand its construction footprint in Arizona and across the U.S. at a rapid pace,” he said. “We expect 2023 to be a year of continued growth as the demand for high-quality rental homes in highly desirable markets continues to trend upward,” Thomas said. “We are fortunate to lead the industry with ambition and expect another multi-million dollar growth year,” he said.

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