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

All amounts are in US Dollars unless otherwise stated.

TORONTO, April 18, 2022 (GLOBE NEWSWIRE) -- Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.U), (TSXV: FCA) 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