Nov 5 (Reuters) - Firm Capital American Realty Partners Corp FCAu.V :
* FIRM CAPITAL AMERICAN REALTY PARTNERS CORP. ANNOUNCES $29.5 MILLION NEW YORK CITY ACQUISITION, PRIVATE PLACEMENT AND NEW INDEPENDENT DIRECTOR
* FIRM CAPITAL AMERICAN REALTY PARTNERS - TO PROCEED WITH PRIVATE PLACEMENT THAT WILL ALLOW IT TO ISSUE UP TO 850,000 UNITS FOR ABOUT $6.8 MILLION
* FIRM CAPITAL AMERICAN REALTY PARTNERS CORP - OFFERING PRICE FOR UNITS WILL BE US$8.10 PER UNIT OR CANADIAN EQUIVALENT AT TIME OF CLOSING