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FLAGSHIP COMMUNITIES REIT TO ACQUIRE THREE MANUFACTURED HOUSING COMMUNITIES FOR US$21 MILLION

Newswire.ca - Wed May 3, 2023

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

TORONTO, May 3, 2023 /CNW/ - Flagship Communities Real Estate Investment Trust ("Flagship" or the "REIT") (TSX: MHC.U) (TSX: MHC.UN) today announced that it will acquire three communities in Indiana, Arkansas and Tennessee (the "Acquisitions"), for a purchase price of approximately US$21 million. The Acquisitions have an average occupancy rate of 67% and are expected to close on or about May 4, 2023 subject to customary closing conditions.

Read more at newswire.ca

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

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