TORONTO, Oct. 22, 2020 /CNW/ - Firm Capital Apartment
Real Estate Investment Trust (the "Trust"), (TSXV: FCA.U),
(TSXV: FCA.UN) is pleased to announce the promotion of Sandy Poklar to President & Chief Executive
Officer and the appointment of Mark
Goldreich to Chief Financial Officer, subject to regulatory
approval.
Mark Goldreich has been the VP
Finance and Controller of the Trust since 2019 and has been with
the Trust since 2016. Mark Goldreich
is a CPA.
Sandy Poklar has been the Chief
Financial Officer of the Trust since 2016 when the Trust went
through its transformation from its predecessor entity.
Eli Dadouch, who is currently the
President & Chief Executive Officer of the Trust, will remain
on as Vice Chairman.
ABOUT FIRM CAPITAL AMERICAN REALTY PARTNERS 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. The Trust has ownership
interests in a total of 2,308 apartment units diversely located in
Florida, Connecticut, Texas, New
York, New Jersey,
Georgia and Maryland.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
Certain 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.
SOURCE Firm Capital Apartment Real Estate Investment Trust