Firm Capital American Realty Partners Trust Announces New Trustee
September 15 2020 - 5:01PM
Firm Capital American Realty Partners Trust (“the
“
Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased
to announce the appointment of Robert Parker to the Board of
Trustees, subject to regulatory approval.
Robert is currently the Vice President,
Investments & Asset Management for the Muzzo Group and
Pemberton Developments. Prior to his current role, Robert worked at
a multinational residential company and mortgage company in a
similar role. Robert is a graduate of the Faculty of Law at Queens
University and has his J.D. designation.
Eli Dadouch, President, CEO and Vice-Chairman of
the Trust stated the following: “Our current board members
represent the ownership interests of approximately 26% of the
outstanding trust units, which is a strong alignment of interests
with all unitholders. With the addition of Robert, he will
represent the 6.5% ownership interest of the Muzzo Group. As such,
the total board ownership interest representation will be in excess
of 33%. The Muzzo Group has been a long-standing supportive
unitholder of the Trust. Robert, a real estate lawyer by training,
brings us experience in real estate law and asset management. We
continue to strengthen our board talent as we move forward to
continue to grow our Trust.”
ABOUT FIRM CAPITAL AMERICAN REALTY
PARTNERS TRUSTFirm Capital American Realty Partners 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. The
Trust currently has ownership interests in a total of 2,073
apartment units diversely located in Florida, Connecticut, Texas,
New York, New Jersey, Georgia and Maryland.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTSCertain information in this news
release constitutes forward-looking statements under applicable
securities law. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to
be forward-looking statements. Forward-looking statements are often
identified by terms such as "may", "should", "anticipate",
"expect", "intend" and similar expressions.
Forward-looking statements necessarily involve
known and unknown risks, including, without limitation, risks
associated with general economic conditions; adverse factors
affecting the U.S. real estate market generally or those specific
markets in which the Trust holds properties; volatility of real
estate prices; inability to access sufficient capital from internal
and external sources, and/or inability to access sufficient capital
on favourable terms; industry and government regulation; changes in
legislation, income tax and regulatory matters; the ability of the
Trust to implement its business strategies; competition; currency
and interest rate fluctuations and other risks. Additional risk
factors that may impact the Trust or cause actual results and
performance to differ from the forward looking statements contained
herein are set forth in the Trust's Annual Information Form under
the heading Risk Factors (a copy of which can be obtained under the
Trust's profile on www.sedar.com).
Readers are cautioned that the foregoing list is
not exhaustive. Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. Except as
required by applicable law, the Trust undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise
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: |
|
|
Eli Dadouch |
Sandy Poklar |
President & Chief Executive Officer |
Chief Financial Officer |
(416) 635-0221 |
(416) 635-0221 |
|
|
For Investor Relations information, please contact: |
|
|
Victoria Moayedi |
|
Director, Investor Relations |
|
(416) 635-0221 |
|
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