Firm Capital Apartment Real Estate Inves
Firm Capital Apartment Real Estate Inves
Sector: Real Estate
Description
Firm Capital Apartment Real Estate Investment Trust was earlier known as Firm Capital American Realty Partners Trust. The Firm Capital Investment REIT is a Toronto-based real estate company that invests in multi-residential properties across the United States.
Firm Capital Apartment Real Estate Investment Trust is a publicly listed REIT on the Toronto Venture Stock Exchange under the ticker symbol FCA. The REIT also trades its shares under another stock symbol, TSXV: FCA.U.
The United States focused REIT utilizes the real estate investment opportunities in the following two ways:
• Income-producing real estate investments include stabilized and associated value additional properties located in important cities across the U.S. The investment can be financed by the trust completely or through a joint venture or partnership agreements with other operators.
• The company invests in multi-residential properties located in prime cities across the U.S through a mortgage debt and equity lending platform. The mortgage debt investments provide all forms of mortgages for short-term and joint venture capital requirements.
The Firm Capital Apartment REIT owns a real estate portfolio of multiple residential properties, owned and co-owned by the trust, which includes approximately 1,846 residential units located across Florida, Texas, New York, Connecticut, New Jersey, and Georgia.
Firm Capital Apartment REIT signed a joint venture agreement on March 15, with a third party to acquire the Hamilton Manor, a multiple-family residential property comprising 245 units situated in the Washington D.C. Metro Area, for a consideration of $39.5 million. With the acquisition of the Hamilton Manor, Firm Capital Apartment expanded its real estate portfolio to a total of 2,091 residential units.
Peers
WIR.U
WPT Industrial Real Estate Investment
YEG
Yorkton Equity Group Inc.
CHS.UN
Chartwell Retirement Residences
APR.UN
Automotive Properties Real Estate Invest
ERE.UN
European Residential REIT
MI.UN
Minto Apartment Real Estate Investment
SUM.UN
Summit Industrial Income REIT
HOM.U
BSR Real Estate Investment Trust
FCR.UN
First Capital Real Estate Investment
CRR.UN
Crombie Real Estate Investment Trust
PKT
Parkit Enterprise Inc.
REAX
Real Brokerage Inc. (The)