TORONTO, Oct. 15, 2018 /CNW/ - Firm Capital Property Trust
("FCPT" or the "Trust") (TSXV: FCD.UN) is pleased to announce the closing of a 50% interest in a 159,164 square
foot single tenant industrial property located in Montreal, Quebec. The acquisition price of the
property is approximately $11.0 million, excluding transaction costs (the "Property"). The
Property will be part of the current Montreal portfolio with all of the existing investors
participating in their pro rata share. The Property is being acquired at a 7.5% capitalization rate, is located in the
Mount Royal industrial market and is 100% leased to Le Chateau Inc. until April 30, 2026.
The Trust's portion of the Property is being financed from existing cash resources.
ABOUT FIRM CAPITAL PROPERTY TRUST (TSXV :FCD.UN)
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 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. Further information about the Trust can be found by selecting the Firm Capital Property Trust
link at www.firmcapital.com.
FORWARD LOOKING INFORMATION
This press release may contain forward-looking statements. In some cases, forward-looking statements can be identified
by the use of words such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue", and by discussions of strategies that involve risks and uncertainties. The forward-looking statements
are based on certain key expectations and assumptions made by the Trust regarding, among other things, the closing of the
acquisition of the Portfolio. By their nature, forward-looking statements involve numerous assumptions, inherent risks, and
uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and
various future events will not occur. Although management of the Trust believes that the expectations reflected in the
forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or
achievements will occur as anticipated. Neither the Trust nor any other person assumes responsibility for the accuracy and
completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or such other factors which affect this information, except as required by
law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE Firm Capital Property Trust
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