Firm Capital Apartment REIT Announces Acquisition of Controlling Interest in Houston, Texas Joint Venture and 4.2% Distribution Increase

All amounts are in US Dollars unless otherwise stated.
TORONTO, Feb. 08, 2022 (GLOBE NEWSWIRE) -- 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.

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