The firm's latest partnership plans to acquire more than 18,000 homes in the Sun Belt. : Tricon Residential Inc. has joined with three institutional investors to launch a $5 billion joint venture that will acquire more than 18,000 single-family rental homes in the Sun Belt. The JV, which includes the Teacher Retirement System of Texas and Pacific Life Insurance Co., along with an existing Tricon global investor, is the company’s largest joint venture to date.