-+ 0.00%
-+ 0.00%
-+ 0.00%
Firm Capital Property Trust closes $218 million deal for 50% stake in 10 manufactured home communities in Alberta, Saskatchewan
Share
Listen to the news
Firm Capital Property Trust closes $218 million deal for 50% stake in 10 manufactured home communities in Alberta, Saskatchewan
  • Firm Capital Property Trust closed a purchase of a 50% interest in 10 manufactured housing communities in Alberta, Saskatchewan for CAD 218 million.
  • Portfolio totals 1,649 sites; deal also included 142 park-owned homes, 184 chattel mortgages yielding a 6.49% weighted average rate.
  • CAD 145 million funded via a six-year first mortgage at about 4.5%, featuring two years interest-only, then 28-year amortization.
  • Trust funded about CAD 37 million of equity from cash resources, including credit facilities; SunPark holds the remaining 50% stake.
  • Pro forma leverage rises to about 58% debt-to-gross book value from 49.8% as of March 31, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Firm Capital Property Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607211701PRIMZONEFULLFEED9765913) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending