The Globe and Mail reports in its Wednesday edition that David and Gary Berman, the father-and-son duo who run Tricon Residential, will receive $96-million combined, plus potential severance pay, if Blackstone's proposed takeover of their Toronto-based real estate company is completed (all figures U.S.). The Globe's Tim Kiladze writes that Blackstone and Tricon announced their $3.5-billion friendly acquisition in January, but details on what the Bermans stand to make from selling the family business were disclosed in a regulatory document late last week. David Berman, who co-founded Tricon in 1988, will walk away with $53.2-million, while his son Gary, who is Tricon's chief executive officer, will get $43.2-million. Both payouts largely stem from Tricon shares and stock options the two men own that will vest if the deal closes. Tricon's executive officers also have employment agreements that guarantee them a combined $33-million in cash severance if they are fired within two years of the deal's closing. While Blackstone can choose to enter into new employment contacts, it has not yet done so with any of the officers, according to the filing. Blackstone in 2020 invested $240-million in the rental property landlord.