Regis Homes and Tricon Residential Embarks On New, 161-Unit Build-To-Rent Project in Lincoln, Calif.

Sares Regis Northern California, Tricon Residential, Altair of Twelve Bridges, Lincoln
Courtesy of SRGNC

Lincoln, CA – March 2, 2022 – Yesterday, Regis Homes, an affiliate of Sares Regis Group of Northern California (SRGNC), and Tricon Residential Inc. (together, the “Developers”) celebrated the groundbreaking of Altair of Twelve Bridges, a 161-unit community of traditional and duet single-family homes in Linocln, CA. Altair at Twelve Bridges is the first of Regis Homes and Tricon’s two new, purpose-built, single-family rental home communities in Northern California. In addition to representatives from the developer and project contractor, several Lincoln city officials were in attendance, including Mayor Holly Andreatta, Council Member for the District as well as Council Member Alyssa Silhi, Council Member Paul Joiner, Council Member William Lauritsen, and City Manager Sean Scully. Mayor Andreatta gave a speech and performed the ceremonial groundbreaking to symbolize the beginning of a new stage of development for the city.

“Housing is one of our top priorities in Lincoln and this is a key project that begins to meet our housing needs,” says Mayor Holly Andreatta, City of Lincoln. “These gorgeous homes will form a new, family-friendly community located east of Sacramento, California conveniently situated near parks, shops, and schools.”

“We are excited to commemorate this project milestone on Altair at Twelve Bridges with our partner Regis Homes,” said Josh Welty, Vice President of Development for Tricon Residential. “Today’s groundbreaking launches new single-family rental homes and creates additional housing in California through a highly desired product in purpose-built rental communities. Altair at Twelve Bridges is designed for individuals and families who desire the benefits of living in a single-family home and prefer the convenience and flexibility of a rental lifestyle. By providing residents an exceptional maintenance-free experience, they will have more time to spend on what is most important to them.” 

Located at the corner of Bella Breeze Drive and East Joiner Parkway, Altair at Twelve Bridges will feature 161 traditional and duet single-family homes with three- and four-bedroom options, state-of-the-art technology, and outdoor amenities, including community center with kitchen, heated pool, BBQs, shade trellis, sun deck, covered seating. In addition, Altair at Twelve Bridges homes will include energy-efficient, stainless-steel appliances, attached two-car garages, keyless front door entry, solar panels, and fenced backyard. Development of the community is expected to progress through 2022, with a Grand Opening planned for fall 2022. The community is conveniently situated near parks, shops, schools, and the 65 Highway and the I-80 Freeway that easily connects to the Greater Sacramento metropolitan area.

“We are thrilled to partner with Tricon Residential on our first build-to-rent community,” said Bill Heartman, President of Sacramento Operations for SRGNC. “This project will provide new options for Placer County families.”

Altair at Twelve Bridges is part of Tricon’s previously announced build-to-rent pipeline of 3,000 new build-to-rent homes across 23 communities. Tricon Residential will operate Altair at Twelve Bridges upon completion of construction. The project developer is Regis Homes and general contractor is Woodside Homes.

About Tricon Residential Inc. 

Tricon Residential is an owner and operator of a growing portfolio of approximately 35,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. 

About Sares Regis Group of Northern California

Sares Regis Group of Northern California and its affiliates, Regis Homes Bay Area and Regis Contractors Bay Area, are regional companies based in San Mateo, California.  As leading developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at over $7 billion and over 2,800 residential units under development. Since its inception, the company has acquired or developed 13.5 million square feet of commercial properties and 20,000 multifamily and residential housing units.  

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