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Firm Capital Apartment Real Estate Investment TR(FCA-UN-X)
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Firm Capital Apartment REIT Announces Completion of Previously Announced $26.8 Million Houston Property Joint Venture Buy-Out and $3.5 Million, 12% Preferred Capital Investment

Globe Newswire - Mon May 2, 2022

All amounts are in US Dollars unless otherwise stated.

TORONTO, May 02, 2022 (GLOBE NEWSWIRE) -- Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.U), (TSXV: FCA) is pleased to announce the closing of the previously announced (see press release dated April 18, 2022) acquisitions 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”) and previously announced (see press release dated April 18, 2022) $3.5 million, 12% Preferred Capital Investment. In addition, the Trust has completed the full draw of the previously announced (see press releases dated April 18, 2022 and April 21, 2022) CAD$13 million bridge loan (the “Bridge Loan”):

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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