Full-Time

Manager – National Operations

Posted on 7/25/2025

Tricon Residential

Tricon Residential

1,001-5,000 employees

Residential real estate rental property operator

Compensation Overview

$86.9k - $144.8k/yr

Orange, CA, USA

In Person

Category
Operations & Logistics (2)
,
Required Skills
Data Analysis
Requirements
  • Strong understanding of single-family housing operations.
  • Proficiency with property management platforms such as Yardi, AppFolio, or Buildium.
  • Proven track record leading projects across distributed teams.
  • Excellent communication and interpersonal skills.
  • 5 or more years of experience in residential property management.
Responsibilities
  • Provide hands-on day-to-day guidance to regional and centralized property teams, ensuring adherence to company standards and key performance indicators (KPIs).
  • Collaborate with the SOP team to develop, update, and maintain operational playbooks, standard operating procedures, and training materials.
  • Support seamless onboarding of newly acquired communities.
  • Lead or coordinate multi-site projects, including technology rollouts like CRM implementations.
  • Work closely with corporate teams to ensure consistent execution of initiatives across regions.
  • Assist in planning and managing national programs to drive engagement and operational success.
  • Identify operational inefficiencies and recommend scalable improvements.
  • Ensure compliance with leasing regulations and internal policies across all properties.
  • Drive enforcement of standardized processes to maintain quality and consistency.
  • Support omnichannel strategies that improve resident engagement and satisfaction.
  • Assist with escalation management and resident retention efforts.
  • Monitor, analyze, and report on key operational metrics.
  • Provide actionable insights to inform strategy and optimize performance.
Desired Qualifications
  • Bachelor's degree
  • Experience managing third-party or institutional single-family rental (SFR) portfolios.
  • Lean or Six Sigma certification.
  • Bilingual in English and Spanish.

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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