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BRIEF-Firm Capital Property Trust says JV with First Capital Realty with acquisition of a 40 pct interest in two retail properties

Published 2016-06-09, 05:35 p/m
© Reuters.  BRIEF-Firm Capital Property Trust says JV with First Capital Realty with acquisition of a 40 pct interest in two retail properties
FCD_u
-

June 9 (Reuters) - Firm Capital Property Trust FCD_u.V
* Acquisition price for 100% of portfolio is approximately
$75.3 million , excluding transaction costs
* As a result of portfolio acquisition, trust will increase
size of its current portfolio by approximately 25% to $157
million
* Acquisition is expected to be immediately accretive to
affo
* Firm capital property trust announces a joint venture with
first capital realty with the acquisition of a 40% interest in
two retail properties

Source text for Eikon: ID:nCNW6HHzXa
Further company coverage: FCD_u.V

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