December 5, 2016 / 1:42 PM / in a year

BRIEF-Tricon announces $30 mln acquisition of California manufactured housing communities

Dec 5 (Reuters) - Tricon Capital Group Inc :

* Tricon announces $30 million acquisition of three manufactured housing communities in California

* Tricon Capital Group Inc - total purchase price of $30.4 million was satisfied with cash

* Tricon Capital Group- unit acquired a portfolio of three manufactured housing communities in California comprising a total of 421 residential pads

* Tricon Capital - purchase price was also satisfied with 7-year non-recourse financing package at average 62% loan-to-value, 3.85% fixed interest rate Source text for Eikon: Further company coverage:

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