Firm Capital Apartment REIT Announces Senior Management Changes
September 22 2022 - 6:08PM
Firm Capital Apartment REIT (the “
Trust”), (TSXV:
FCA.UN), (TSXV: FCA.U) today announces the resignation of Mark
Goldreich as Chief Financial Officer of the Trust, effective
September 30, 2022. Mark has decided to pursue other opportunities.
The board and senior management team wish to thank Mark for all of
his years of service to the Trust and wish him well in all of his
future endeavors.
The Trust is pleased to appoint Claudia
Alvarenga as Chief Financial Officer of the Trust subject to
regulatory approval. Prior to joining the Trust, Claudia was a
Manager at Manulife Financial Corporation within the US Segment.
Prior to that role, Claudia was an Assurance Manager at MNP LLP
where she worked for a number of years of providing, assurance and
accounting advice to public and private entities within the Real
Estate and Construction sectors and was also involved with a
private real estate enterprise for a number of years prior to her
role at MNP LLP. Claudia is a CPA.
ABOUT FIRM CAPITAL APARTMENT REAL ESTATE
INVESTMENT TRUST Firm Capital Apartment Real Estate
Investment Trust is a U.S. focused real estate investment trust
that pursues multi-residential income producing real estate and
related debt investments on both a wholly owned and joint venture
basis. The Trust has ownership interests in a total of 1,846
apartment units diversely located in Florida, Connecticut, Texas,
New York, New Jersey, Georgia and Maryland.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
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 necessarily involve
known and unknown risks, including, without limitation, the closing
of the new financing as outlined above, 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. Additional risk factors that may
impact the Trust or cause actual results and performance to differ
from the forward looking statements contained herein are set forth
in the Trust's Annual Information Form under the heading Risk
Factors (a copy of which can be obtained under the Trust's profile
on 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. Except as
required by applicable law, the Trust undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
Neither the 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.
For further
information, please contact: |
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Sandy Poklar |
|
Mark Goldreich |
President & Chief
Executive Officer |
|
Chief Financial Officer |
(416) 635-0221 |
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(416) 635-0221 |
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|
For Investor
Relations information, please contact: |
|
|
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Victoria Moayedi |
|
|
Director, Investor
Relations |
|
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(416) 635-0221 |
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