Firm Capital Apartment Real Estate Inves

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.