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Firm Capital Apartment Reit Announces Acquisition Of Controlling Interest In Houston, Texas Joint Venture And 4.2% Distribution Increase

Feb 08, 2022•over 3 years ago

Acquiring Company

Firm Capital Apartment Real Estate Investment Trust

Acquired Company

Interest

Financial Services

Description

Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.U), (TSXV: FCA) is pleased to announce the acquisition of the 50% interest that it does not already own from its unrelated third-party partner in the Trust’s Equity Accounted Investment located in Houston, Texas for $4.1 million (the “Transaction”) as well as a 4.2% distribution increase.

Company Information

Company

Firm Capital Apartment Real Estate Investment Trust

About

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders, The Trust’s plan is to own as well as to co-own a diversified property portfolio of multi-residential, flex industrial, net lease convenience retail, and core service provider professional space. In addition to stand alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the Trust sources, syndicates and property and asset manages investments on behalf of the Trust.

M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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