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Firm Capital Apartment REIT Announces $26.8 Million Houston Property Joint Venture Buy-Out; $3.5 Million, 12% Preferred Capital Investment and CAD$13 Million Bridge Loan

Globe Newswire - Press Release

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All amounts are in US Dollars unless otherwise stated.

TORONTO, April 18, 2022 (GLOBE NEWSWIRE) -- Firm Capital Apartment REIT (the “Trust”), (TSXV:FCA-U.VN), (TSXV:FCA.VN) is pleased to announce the acquisition of a 50% interest in another of the Trust’s Equity Accounted Investments located in Houston, Texas based on a $26.8 million valuation (the “Houston Transaction” and/or “Houston Property”); $3.4 million, 12% Preferred Capital Investment and CAD$13 million Bridge Loan (the “Bridge Loan”):

Read more at globenewswire.com

Related Symbols

Symbol Last Chg %Chg
FCA-UN.VN 4.990 +0.990 +24.75%
Firm Capital Apartment Real Estate Investment TR
FCA.VN 7.170 -2.630 -26.84%
Firm Capital American Realty Part CAD
FCA 28.32 +0.28 +1.00%
China Alphadex Fund FT
FCA-U.VN 2.760 +0.010 +0.36%
Firm Capital Apartment Real Estate Investment TR

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