TORONTO, Aug. 10, 2020 /CNW/ - Firm Capital American
Realty Partners Trust (the "Trust"), (TSXV : FCA.U) (TSXV:
FCA.UN) is pleased to report that at the annual and special meeting
(the "Meeting") of unitholders held earlier today, all
trustee nominees were elected as trustees of the Trust, as
follows:
Nominee
|
Votes
"For"
|
%
Votes
"For"
|
Votes
"No"
|
% Votes
"No"
|
Votes
"Abstain"
|
% Votes
"Abstain"
|
Geoffrey
Bledin
|
2,003,205
|
99.62%
|
-
|
-
|
7,631
|
0.38%
|
Eli
Dadouch
|
2,003,171
|
99.62%
|
-
|
-
|
7,665
|
0.38%
|
Pat Di
Capo
|
2,007,035
|
99.81%
|
-
|
-
|
3,801
|
0.19%
|
Sandy
Poklar
|
2,003,205
|
99.62%
|
-
|
-
|
7,631
|
0.38%
|
Keith L.
Ray
|
2,003,035
|
99.61%
|
-
|
-
|
7,801
|
0.39%
|
Valentina
Kalyk
|
2,003,205
|
99.62%
|
-
|
-
|
7,631
|
0.38%
|
Howard
Smuschkowitz
|
2,003,205
|
99.62%
|
-
|
-
|
7,631
|
0.38%
|
Ojus
Ajmera
|
2,003,035
|
99.61%
|
-
|
-
|
7,801
|
0.39%
|
In addition, all other items including the re-appointment of
auditors and the re-approval of the unit option plan were also
approved, the details of which are contained in the Report on
Voting Results regarding the Meeting filed by the Trust on SEDAR at
www.sedar.com.
ABOUT FIRM CAPITAL AMERICAN REALTY PARTNERS TRUST
Firm
Capital American Realty Partners Trust is a U.S. focused real
estate investment trust that pursues income producing real estate
and mortgage debt investments through the following platforms:
Income Producing Real Estate Investments:
- Core Markets Wholly Owned Investments: The Trust is
focused on growing its wholly owned multi-residential property
portfolio in large core markets with attention to cities located in
Texas, Florida, New
Jersey, North and South
Carolina, Colorado,
Georgia and New York.
- Core and Non-Core Markets: Joint Venture
Investments: The Trust will also purchase in both core and
non-core markets where it lacks knowledge or experience, partial
ownership interests in multi-residential properties with industry
leaders as partners. These partners bring both expertise in
operations and knowledge, especially in non-core markets. The Trust
strives to have a minimum 50% ownership interest and will fund the
equity in a combined preferred/common equity investment structure.
The preferred equity provides a fixed rate of return for investors
in the Trust, resulting in a secured structure ahead of the
partners ownership interest, while the common equity provides
investors an upside return for investors as the investment meets
its targeted objectives.
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.
Mortgage Debt Investments:
The Trust, using Firm
Capital's 30-year plus experience as a leader in the mortgage
lending industry, provides bridge lending of mortgage and preferred
capital secured by residential/multi-residential properties.
FORWARD LOOKING INFORMATION
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, including those described in the
Trust's public disclosure documents on SEDAR at 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.
Neither the TSX Venture 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. Additional information about the Trust is
available at www.firmcapital.com or www.sedar.com.
SOURCE Firm Capital American Realty Partners Trust