Firm Capital Apartment REIT Announces Senior Management

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All quantities are in US Dollars except in any other case said.
TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) as we speak declares the resignation of Mark Goldreich as Chief Financial Officer of the Trust, efficient September 30, 2022. Mark has determined to pursue different alternatives. The board and senior administration group want to thank Mark for all of his years of service to the Trust and need him properly in all of his future endeavors.

The Trust is happy to nominate Claudia Alvarenga as Chief Financial Officer of the Trust topic to regulatory approval. Prior to becoming a member of the Trust, Claudia was a Manager at Manulife Financial Corporation inside the US Segment. Prior to that position, Claudia was an Assurance Manager at MNP LLP the place she labored for numerous years of offering, assurance and accounting recommendation to private and non-private entities inside the Real Estate and Construction sectors and was additionally concerned with a non-public actual property enterprise for numerous years previous to her position at MNP LLP. Claudia is a CPA.

ABOUT FIRM CAPITAL APARTMENT REAL ESTATE INVESTMENT TRUST
Firm Capital Apartment Real Estate Investment Trust is a U.S. centered actual property funding belief that pursues multi-residential revenue producing actual property and associated debt investments on each an entirely owned and three way partnership foundation. The Trust has possession pursuits in a complete of 1,846 condominium models diversely positioned in Florida, Connecticut, Texas, New York, New Jersey, Georgia and Maryland.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain data on this information launch constitutes forward-looking statements underneath relevant securities regulation. Any statements which can be contained on this information launch that aren’t statements of historic truth could also be deemed to be forward-looking statements. Forward-looking statements are sometimes recognized by phrases akin to “may”, “should”, “anticipate”, “expect”, “intend” and related expressions.

Forward-looking statements essentially contain recognized and unknown dangers, together with, with out limitation, the closing of the brand new financing as outlined above, dangers related to basic financial circumstances; antagonistic elements affecting the U.S. actual property market usually or these particular markets by which the Trust holds properties; volatility of actual property costs; incapability to entry ample capital from inside and exterior sources, and/or incapability to entry ample capital on beneficial phrases; trade and authorities regulation; adjustments in laws, revenue tax and regulatory issues; the flexibility of the Trust to implement its business methods; competitors; forex and rate of interest fluctuations and different dangers. Additional danger elements which will affect the Trust or trigger precise outcomes and efficiency to vary from the ahead wanting statements contained herein are set forth within the Trust’s Annual Information Form underneath the heading Risk Factors (a duplicate of which might be obtained underneath the Trust’s profile on www.sedar.com).

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

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Neither the Exchange nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSX Venture Exchange) accepts duty for the adequacy or accuracy of this launch.

For additional data, please contact:
     
Sandy Poklar   Mark Goldreich
President & Chief Executive Officer   Chief Financial Officer
(416) 635-0221   (416) 635-0221
     
For Investor Relations data, please contact:
     
Victoria Moayedi    
Director, Investor Relations    
(416) 635-0221    



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