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Firm Capital Property Trust announces sale of two retail properties for gross proceeds of $4.0 million and results of voting at annual and special meeting
Firm Capital Property Trust announces sale of two retail properties for gross proceeds of ...
About this update from Firm Capital Property Trust
[{"type":"text","content":"\n\n\n\nFirm Capital Property Trust announces sale of two retail properties for gross proceeds of $4.0 million and results of voting at annual and special meeting\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen5{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.83em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen4{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n.prnvam{\nVERTICAL-ALIGN: MIDDLE\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n\n\n\n\n\n\nFirm Capital Property Trust announces sale of two retail properties for gross proceeds of $4.0 million and results of voting at annual and special meeting\nCanada NewsWire\nTORONTO, Dec. 17, 2015\n\n\n\nTORONTO, Dec. 17, 2015 /CNW/ - Firm Capital Property Trust (\"FCPT\" or the \"Trust\") (TSXV : FCD.UN) is pleased to announce that it is has sold its interest in two properties totaling 19,330 sq. ft. in two separate transactions to third parties. Both transactions are unconditional and are expected to close in January 2016. The Trust's share of the gross proceeds is approximately $2.8 million.  The transactions represent a one-time gain on Adjusted Funds from Operations (\"AFFO\") after costs of approximately $0.07 per Trust Unit.\n\nIn addition, the Trust also is ...