Agency Capital Residence REIT Completes Sale of Maryland Joint Enterprise Property for $15.9 Million

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All figures in $USD except in any other case famous.
TORONTO, Feb. 02, 2024 (GLOBE NEWSWIRE) — Agency Capital Residence Actual Property Funding Belief (the “Belief”), (TSXV: FCA.U), (TSXV: FCA.UN) is happy to report that it has accomplished the beforehand introduced (November 8, 2023) sale of its three way partnership property positioned in Maryland for $15.9 million (100% of the property). Internet of related mortgage debt and shutting prices, the web sale proceeds have been roughly $4.1 million, of which the Belief obtained roughly $1.1 million given its 25% possession within the property. The property has a gross sales value according to its IFRS worth.

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The online sale proceeds might be used for mortgage repayments as they arrive due and for working capital functions.

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