TORONTO, Feb. 12, 2020 /CNW/ - Firm Capital American
Realty Partners Trust (the "Trust"), (TSXV: FCA.UN), (TSXV:
FCA.U) today announced the resignation of Mr. Scott Reid as a Trustee of the Trust, effective
immediately, and the proposed appointment of Ms. Valentina Kalyk as a Trustee of the Trust
subject to regulatory and board approval.
Scott has been a member of the board of trustees, and a director
of its predecessor entity, Firm Capital American Realty Partners
Corp. (the "Corporation"), since July
2016. Scott joined the board of directors of the Corporation
at a time when it was undergoing a restructuring, and it was always
contemplated that when the restructuring was completed, Scott would
resign from the board. Scott provided excellent advice and
oversight during the restructuring and throughout his tenure, along
with participation in every rights offering completed by the
Corporation. With the completion of the restructuring and the
ultimate conversion of the Corporation into an investment trust,
Scott has decided to resign. The Trust wishes to thank Scott for
his valuable contribution to the Trust over the years and every
success in his future endeavors.
The Trust is also pleased to announce that, subject to
regulatory and board approval, Ms. Valentina Kalyk will be appointed to the Board
of Trustees. Ms. Kalyk brings over 20 years of Capital
Markets experience. Until her recent retirement, she spent 15 years
with Canaccord Genuity where she was a Managing Director and
senior member of the institutional equity sales team, with a
dedicated focus to REIT's and real estate.
ABOUT FIRM CAPITAL AMERICAN REALTY PARTNERS TRUST
Firm
Capital American Realty Partners Trust is a U.S. focused real
estate investment entity that pursues real estate and debt
investments through the following platforms:
- Income Producing Real Estate Investments: Acquiring
income producing real estate assets in major cities across
the United States. Acquisitions
are completed solely by the Trust or in joint-venture partnership
with local industry expert partners who retain property management
responsibilities; and
- Mortgage Debt Investments: Real estate debt and equity
lending platform in major cities across the United States, focused on providing all
forms of bridge mortgage loans and joint venture capital.
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 in this press release include statements
relating to the appointment of Ms. Kalyk to the board of trustees.
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 (and those of its predecessor
Firm Capital American Realty Partners Corp.) 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