Firm Capital Apartment REIT Completes Sale of Texas Property for $9.9 Million

All figures in $USD unless otherwise noted.
TORONTO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report that it has completed the previously announced (August 2, 2023) sale of its unencumbered property located in Austin, Texas for $9.9 million. Net of closing costs, the net sale proceeds of approximately $9.6 million are being used to pay off loans as they come due and for working capital purposes. The property had a sales price in line with its IFRS value.

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