Full-Time

Project Manager

Commercial Construction

Posted on 8/9/2025

Tricon Residential

Tricon Residential

1,001-5,000 employees

Residential real estate rental property operator

No salary listed

Toronto, ON, Canada

In Person

In-office role; on-site Monday–Friday.

Category
Business & Strategy (1)
Requirements
  • A minimum of 5-8 years Project Management experience.
  • Bachelor’s degree in engineering or construction management.
  • Experience in retail or mixed-use development projects in a fast-paced environment.
  • Proficient in Microsoft Office and project management software.
  • Analytical problem solving with the ability to understand the overall big picture.
  • Entrepreneurial perspective with a strong business acumen.
  • Excellent communication skills, with the ability to work effectively with a wide range of stakeholders.
  • Ability to remain resilient in the face of ambiguity.
  • Demonstrate the ability to influence and build relationships across all levels of the organization.
  • Integrity, initiative, attention to detail and a proven work ethic.
  • The ability to take direction and work independently.
  • The willingness and ability to get hands on when needed to move a project forward or troubleshoot issues.
Responsibilities
  • Oversee the entire process of tenant construction from start to finish, ensuring that work aligns with lease agreements, project timelines, and budget.
  • Assume overall responsibility for managing the construction process, including defining project scope and identifying a critical path, establishing key milestones, and leading the timing of each construction stage.
  • Act as the main point of contact between tenants, contractors, construction managers, architects, and internal teams to ensure smooth communication and resolve any issues that arise during the construction process.
  • Review and monitor construction schedules, ensuring that milestones are met, and deadlines are adhered to and evaluate and prioritize projects based on business objectives and tenant requirements.
  • Ensure that all tenant construction projects comply with local building codes, safety standards, and environmental regulations. Implement processes to monitor and maintain the highest quality of work.
  • Track and manage project budgets, ensuring cost-effective solutions and that any changes are documented and approved and oversee the preparation and approval of retail construction project budgets, ensuring cost-effective solutions while maintaining the quality and scope of work. Review and approve change orders, invoices, and budget revisions.
  • Review and approve all necessary permits and compliance documentation before and during the construction process and ensure all necessary permits, approvals, and inspections are obtained in accordance with local laws and regulations. Monitor project compliance with lease agreements and other contractual obligations.
  • Conduct regular site visits to assess the progress of construction, ensuring that work is being completed on time, within budget, and according to specifications.
  • Collaborate with internal teams (e.g., senior management, development, asset management, operations) and external stakeholders (e.g., municipal authorities, contractors) to ensure alignment of project objectives.
  • Provide regular updates and reports on project status, including budget performance, timelines, and risks. Maintain accurate project documentation for tracking and future reference.
  • Manage relationships with external vendors, ensuring contractors and subcontractors perform as per agreements and timelines.
  • Stay current on construction industry trends, emerging technologies, and best practices. Implement process improvements to enhance efficiency, reduce costs, and improve project delivery.
  • Determine the resources required to ensure all aspects of the project are managed appropriately.
  • Manage consultant working drawing groups and meetings.
  • Develop effective ways to measure and analyze the project’s progress.

Tricon Residential owns and operates a diversified portfolio of single-family and multi-family rental homes across North America. It buys, renovates, and manages residential properties to provide long-term rental housing for individuals and families, generating income from rents. The company targets high-growth markets and maintains a resident-first approach with professionally managed properties, online rent payments, maintenance requests, and smart-home features to offer a convenient living experience. Its differentiators include geographic diversification across many markets to spread risk and a strong emphasis on service quality through online platforms and resident support. The goal is to provide reliable, comfortable housing while growing its rental portfolio in desirable markets.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • Expanding BTR pipeline of 5,500 new homes nationwide addresses housing affordability gap in high-growth markets.
  • Secured $410.5 million CMBS loan across nine states, enabling continued portfolio growth and refinancing flexibility.
  • Geographically diversified portfolio across Atlanta, Phoenix, Tampa, Charlotte mitigates regional economic downturns.

What critics are saying

  • BTR rents declined 1% year-over-year; Tricon's $2,008 average rent trails $2,180 national benchmark.
  • Floating-rate CMBS loan exposes debt service to interest rate spikes amid persistent inflation pressures.
  • California BTR expansion faces zoning restrictions and resident backlash against corporate ownership models.

What makes Tricon Residential unique

  • Operates 65,000+ single-family rental units with 96.8% occupancy, outperforming 95% national average.
  • Backed by Blackstone Real Estate with $3.5 billion acquisition capital and strategic operational support.
  • Issued 19 SFR securitizations totaling $9.2 billion, demonstrating institutional-grade capital markets access.

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Benefits

Flexible Work Hours

Professional Development Budget

Mental Health Support

Wellness Program

Company News

ApartmentBuildings.com
Mar 31st, 2026
Tricon debuts eighth BTR development in California.

Tricon debuts eighth BTR development in California. News | March 31, 2026 | Paul Bubny California & West + Apartment Buildings Tricon, a Blackstone Real Estate portfolio company, held the grand opening of Tricon Winchester, a build-to-rent (BTR) community in Riverside County. The 180-home development is part of the company's broader effort to expand access to single-family rentals in quality neighborhoods. Tricon Winchester was developed in partnership with Foremost Pacific Group on vacant land, transforming an underutilized site into much-needed housing for families in the Inland Empire. Tricon has now launched eight new BTR communities in California and invested in a pipeline of 5,500 new rental community homes delivered or under development nationwide. "Families want the space and stability of a single-family home, but in today's market, the monthly cost of owning often puts that out of reach," said Andrew Carmody, senior managing director at Tricon. "In the Inland Empire, owning a home can cost roughly 40% more per month than renting a comparable home. Tricon helps to bridge that gap."

AD HOC NEWS Portal Aktiengesellschaft
Jan 25th, 2026
Blackstone-led takeover pins Tricon Residential near cash offer as deal certainty trumps volatility

Tricon Residential's stock is trading in a narrow range near its cash takeover offer from a Blackstone Real Estate fund, with daily volatility minimal as the market awaits deal completion. The share price has consolidated after a sharp autumn rally following the merger announcement. Over the past year, shareholders have seen strong double-digit gains as the stock was re-rated from a cyclical REIT to a strategic asset. The takeover effectively caps further upside, with the stock now trading as a merger arbitrage play rather than an operating business. Wall Street analysts have shifted to neutral ratings, acknowledging the limited upside now capped by the cash offer. The remaining spread between trading price and offer price represents timing and regulatory risk. Major brokers assign high probability to deal completion, with no sell recommendations based on deal risk in recent reports.

Multi-Housing News
Jan 20th, 2026
Blackstone Unit to Land $411M for SFR Homes

Blackstone unit to land $411M for SFR homes. The properties are spread across nine states. Blackstone's Tricon Residential is set to receive a $410.5 million CMBS loan backed by 1,490 SFR and nine condo units, according to a report by KBRA. Homes are spread throughout nine states. Royal Bank of Canada will sell the interest-only, floating-rate note. Midland Loan Services will act as servicer and special servicer, while Computershare will serve as trustee. Of the $3.5 billion spent on Tricon's purchase two years ago, Blackstone earmarked $416.4 million for this 1,499-unit collection. Tricon acquired the single-family homes between 2012 and 2024 with an average estimated price of $357,184. They have a vintage of approximately 31 years and their square footage averages 1,743 square feet. All units have at least two bedrooms. Properties are scattered throughout Georgia, Florida, Arizona, Texas, North Carolina, Nevada, South Carolina, California and Indiana. Largest exposure at metro level is in Atlanta (27.9 percent), Phoenix (19.1 percent), Tampa, Fla. (10.6 percent) and Charlotte, N.C. (8.9 percent). The average rent across the collection stood at $2,008 as of January, slightly below the $2,180 national average recorded in December, according to a Yardi Matrix report. Nationally, BTR rents were down 1 percent year-over-year, marking the steepest decline in more than a decade. Blackstone's collection had an average occupancy rate of 96.8 percent in October, better than the 95 percent registered at a national level, the same data provider shows. As of September 2025, Tricon owned or managed more than 65,000 SFR units throughout the U.S. The company issued 19 SFR securitizations totaling $9.2 billion and has already repaid $2 billion across five loans.

Fort Worth Star-Telegram
Jul 17th, 2025
Dozens of new built-to-rent homes unveiled in Arlington master-planned community

HHS Residential and Johnson Development partnered with Tricon on the Viridian development, which is off Collins Street just north of Green Oaks Boulevard.

Tricon Residential
Jun 19th, 2025
Great Place to Work(R) Certifies Tricon Residential As A Great Place To Work(R) In The U.S. and Canada for 2025

Great Place to Work(R) certifies Tricon Residential as A Great Place To Work(R) in the U.S. and Canada for 2025.

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