Scottsdale-based Tricor is on track to double its annual growth this year as the company builds more than 2,600 homes for the explosive single-family rental market across the country.
He's aiming for a 134% revenue growth by the end of the year, up from 128% revenue growth in 2021. Already, Thomas added, the company is on track to exceed the latest revenue figure in 2023. Licensed in 16 states, where the company has completed 19,000 home renovations since inception, plans call for opening a central office in Dallas/Forth Worth area in Texas, Thomas said.
Fair market rent in metro Phoenix increased by 62.3% since 2019, compared with the nationwide increase of 24.1%, according to a
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