Flagship Communities REIT Enters Seventh U.S. State With Acquisition of Illinois - Manufactured Housing Community for US$16.3 Million

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[{"type":"text","content":"\n \n \n \n Flagship Communities REIT Enters Seventh U.S. State With Acquisition of Illinois - Manufactured Housing Community for US$16.3 Million\n \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.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen6{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:1.17em\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnpr14{\nPADDING-RIGHT:1.17em\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n.prnpr4{\nPADDING-RIGHT:0.33em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n \n TORONTO\n \n ,\n \n Aug. 16, 2021\n \n /CNW/ - Flagship Communities Real Estate Investment Trust (\"Flagship\" or the \"REIT\") (TSX: MHC.U) announced today that it will enter its seventh U.S. state with the acquisition of a manufactured housing community in\n \n Springfield, Illinois\n \n (the \"Acquisition\") for a purchase price of approximately\n \n US$16.3 million\n \n . The Acquisition is 94% leased currently and is expected to be immediately accretive to the REIT's adjusted funds from operations (\"AFFO\") on a per unit basis. The A...

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