Friday, January 24, 2020
10:06 AM EST – Firm Capital American Realty Partners Trust : Announced that it has entered into a $27.9-million joint venture located in Houston, Texas.The Trust has entered into a joint venture with an unrelated third party to acquire the Woodglen Village Apartments, a 250-unit, multi-family residential building. The joint venture is investing approximately $27.9 million (including transaction costs and the capital expenditure program as outlined below) into the property, representing a 6.3% going-in capitalization rate based on the purchase price of $24.2 million or approximately $96,700 per unit ($99 per square foot). All amounts in U.S. funds. Firm Capital American Realty Partners Trust (V.FCA.UN) shares were unchanged at 10.8.
Stocks in Play: Firm Capital American Realty Partners Trust, Fri, 24 Jan 2020 10:12:58 EST