The American arm of Canadian-based Tricon Capital obtained a $32.3 million mortgage, according to documents recorded in Broward County records on Tuesday.
German American Capital Corp. granted the mortgage to TAH 2015-1 Borrower, which includes 196 of Tricon’s residential properties.
David Veneziano, vice president and general counsel at Tricon Capital Group, is listed on the borrower’s corporate filings.
The asset management company focuses on residential real estate in North America. Tricon American Homes owns and manages more than 6,500 single-family rental homes valued at $2.4 billion, according to the company’s website.
TAH reported an $18.3 million increase in its first quarter earnings this year. Tricon acquired Broker Price Opinions for 2,257 homes located in Charlotte, North Carolina; Southeast Florida; Atlanta, Georgia; and Northern California.
The mortgaged homes are located throughout Broward in Fort Lauderdale, Pompano Beach, Lauderhill and Miramar, among other cities. The German bank recently granted a $17 million loan to a Courtyard Marriott in Plantation.