Firm Capital Property Trust Announces Acquisition of a 50% Interest in Two Manufactured Home Communities for $5.7 Million

TORONTO, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Firm Capital Property Trust ("FCPT" or the "Trust") (TSX : FCD.UN) is pleased to announce the acquisition of a 50% interest in a 56 site Manufactured Housing Community (“MHC”) called SunPark Parkhill Estates (“Parkhill”) for $3.1 million and the acquisition of a 50% interest in a 58 site Manufactured Housing Community (“MHC”) called SunPark Skyview Estates (“Skyview”) for $2.6 million (collectively the “Properties”). The acquisition price for 100% of the Properties is approximately $5.7 million, excluding transaction costs. The Trust's portion of the acquisition price is approximately $2.85 million.