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Agency Capital Condominium REIT Completes Sale of Texas Property for $9.9 Million, The Canadian Enterprise Journal

All figures in $USD until in any other case famous.
TORONTO, Oct. 02, 2023 (GLOBE NEWSWIRE) — Agency Capital Condominium Actual Property Funding Belief (“the “Belief”), (TSXV: FCA.U), (TSXV: FCA.UN) is happy to report that it has accomplished the beforehand introduced (August 2, 2023) sale of its unencumbered property positioned in Austin, Texas for $9.9 million. Web of closing prices, the online sale proceeds of roughly $9.6 million are getting used to repay loans as they arrive due and for working capital functions. The property had a gross sales value consistent with its IFRS worth.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

Sure info on this information launch constitutes forward-looking statements beneath relevant securities legislation. Any statements which might be contained on this information launch that aren’t statements of historic reality could also be deemed to be forward-looking statements. Ahead-looking statements are sometimes recognized by phrases equivalent to “could”, “ought to”, “anticipate”, “count on”, “intend” and comparable expressions.

Ahead-looking statements essentially contain recognized and unknown dangers, together with, with out limitation, dangers related to normal financial circumstances; antagonistic elements affecting the U.S. actual property market usually or these particular markets during which the Belief holds properties; volatility of actual property costs; incapacity to entry enough capital from inner and exterior sources, the completion of the Strategic Evaluate; and/or incapacity to entry enough capital on beneficial phrases; trade and authorities regulation; modifications in laws, revenue tax and regulatory issues; the power of the Belief to implement its enterprise methods; competitors; forex and rate of interest fluctuations and different dangers. Further threat elements that will influence the Belief or trigger precise outcomes and efficiency to vary from the ahead trying statements contained herein are set forth within the Belief’s Annual Info type beneath the heading Threat Components (a replica of which will be obtained beneath the Belief’s profile on www.sedar.com).

Readers are cautioned that the foregoing listing shouldn’t be exhaustive. Readers are additional cautioned to not place undue reliance on forward-looking statements as there will be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Such info, though thought of affordable by administration on the time of preparation, could show to be incorrect and precise outcomes could differ materially from these anticipated. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. Besides as required by relevant legislation, the Belief undertakes no obligation to publicly replace or revise any forward-looking assertion, whether or not on account of new info, future occasions or in any other case.

Neither the Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

For additional info, please contact:  
Sandy Poklar Claudia Alvarenga
President & Chief Govt Officer Chief Monetary Officer
(416) 635-0221 (416) 635-0221
   
For Investor Relations info, please contact:  
Victoria Moayedi  
Director, Investor Relations  
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Agency Capital Condominium REIT Completes Sale of Texas Property for $9.9 Million, The Canadian Enterprise Journal Source link Agency Capital Condominium REIT Completes Sale of Texas Property for $9.9 Million, The Canadian Enterprise Journal

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