All amounts are in US Dollars unless otherwise stated.
TORONTO, March 16, 2021 (GLOBE NEWSWIRE) -- Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.U), (TSXV: FCA) announces that it has granted to certain trustees, officers and management of the Trust Unit Options (the "Options") to purchase a total of 119,500 trust units. 49,300 of the options have an exercise price of US$7.50 per trust unit and 70,200 of the options have an exercise price of US$8.30 per trust unit. The options are exercisable for a period of 10 years and have been granted in accordance with the terms of the Trust's current trust unit option plan.
ABOUT FIRM CAPITAL APARTMENT REAL ESTATE INVESTMENT TRUST
Firm Capital Apartment Real Estate Investment Trust is a U.S. focused real estate investment trust that pursues multi-residential income producing real estate and related debt investments on both a wholly owned and joint venture basis. Upon closing of Hamilton Manor, the Trust will have ownership interests in a total of 2,091 apartment units diversely located in Florida, Connecticut, Texas, New York, New Jersey, Georgia and Maryland.
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.
For further information, please contact:
| Sandy Poklar President & Chief Executive Officer (416) 635-0221 | Mark Goldreich Chief Financial Officer (416) 635-0221 |
For Investor Relations information, please contact:
Victoria Moayedi
Director, Investor Relations
(416) 635-0221