Business
Firm Capital Property Announces Grant of Options
TORONTO , July 14, 2014 /CNW/ - Firm Capital Property Trust (" FCPT " or the "...
About this update from Firm Capital Property Trust
[{"type":"text","content":"\n\n\n\n\n\n\nTORONTO, July 14, 2014 /CNW/ - Firm Capital Property Trust (\"FCPT\" or the \"Trust\") (TSXV : FCD.UN) announces the grant of options to acquire units in the capital of the Trust (each, a \"Unit\") to the trustees and officers of the Trust on June 23, 2014.  Each of the options will expire five years from the date of grant.  Trustees and officers of the Trust were issued options to purchase that number of Units as set forth opposite their name as follows:\n\n \n\n\n\n\nTrustee / Officer\n\n\nNumber of Options\n\n\nExercise Price / Unit\n\n\n\nStanley Goldfarb\n\n\n18,000\n\n\n$5.30\n\n\n\nLawrence Shulman\n\n\n18,000\n\n\n$5.30\n\n\n\nManfred Walt\n\n\n18,000\n\n\n$5.30\n\n\n\nGeoffrey Bledin\n\n\n18,000\n\n\n$5.30\n\n\n\nHoward Smuschkowitz\n\n\n18,000\n\n\n$5.30\n\n\n\nEli Dadouch\n\n\n69,000\n\n\n$5.30\n\n\n\nJonathan Mair\n\n\n20,000\n\n\n$5.30\n\n\n\nRobert McKee\n\n\n40,000\n\n\n$5.30\n\n\n\nSandy Poklar\n\n\n40,000\n\n\n$5.30\n\n\n\nTotal\n\n\n259,000\n\n\n\n \n\nABOUT FIRM CAPITAL PROPERTY TRUSTFirm Capital Property Trust is focused on creating long-term value for unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders, The Trust plan is to co-own a diversified property portfolio of multi-residential, flex industrial, net lease convenience retail, and core service provider professional space. In addition to stand alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners.  Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the Trust, will source, syndicate and participate in investments.\n\nFORWARD LOOKING INFORMATIONThis press release may contain forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as \"may\", \"will\", \"should\", \"expect\", \"plan\", \"anticipate\", \"believe\", \"estimate\", \"predict\", \"potential\", \"continue\", and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are bas...