Firm Capital Property Trust Announces Acquisition of $6.3

TORONTO, Feb. 07 2022 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT“or the”Confidence”) (TSXV: FCD.UN) is pleased to announce the acquisition of a 50% interest in a multi-tenant industrial building located in Saint-Laurent, Quebec (the “Property”). The acquisition price of 100% of the property is approximately $6.3 million ($181 per square foot), excluding transaction fees.

The property totals 34,612 square feet and is close to the Trust’s Montreal industrial portfolio. The property is 100% occupied and accretive to AFFO.

The Trust will acquire the property such that the Trust will own 50% and private clients affiliated with certain members of senior management and the board of directors of the Trust will own the remaining 50% in a side-by-side alignment of the structure of interest. The Trust’s share of the acquisition price is approximately $3.2 million (excluding transaction costs). The Property is financing its portion of the Property acquisition using existing cash resources (including the Trust’s credit facility). The property is expected to close in the first quarter of 2022.


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 diverse real estate portfolio of multi-residential, flexible industrial, net-lease convenience retail and professional spaces of basic service providers. In addition to stand-alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial stakes from existing ownership groups, so as to provide liquidity to selling owners and professional management to those who remain as owners. as partners. Firm Capital Realty Partners Inc., through a structure focused on alignment of interests with Trust sources, syndicates and property and assets manages investments on behalf of the Trust.

For complete financial statements, MD&A and additional information, please visit or the Trust’s website at

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 through discussions of strategies involving risks and uncertainties. Forward-looking statements are based on certain key expectations and assumptions made by the Trust. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although the 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 or completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result new information, future events or any other factors that affect such information, except as required by law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, which may only be made by means of a prospectus, nor will there be any sale of the Units in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state, province or other jurisdiction. Units of the Firm Capital Property Trust have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States without registration or request for exemption of the registration requirements of United States securities laws.

Neither the 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. Additional information about the Trust is available at or

For more information, please contact:

Robert McKee Sandy Poklar
President and CEO Financial director
(416) 635-0221 (416) 635-0221

For investor relations information, please contact:

Victoria Moayedi
Director, Investor Relations
(416) 635-0221

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