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Firm Capital buys 50% stake in 11 Canadian manufactured home communities for $227M, boosting cash flow and growth.

Company Fundamentals
06 Apr 2026
GlobeNewsWire
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Bullish
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Firm Capital Property Trust has agreed to acquire a 50% interest in 11 manufactured home communities across Alberta and Saskatchewan for a total of $227 million. This acquisition adds 1,752 sites to its portfolio, increasing exposure to non-rent controlled markets with strong population growth. The deal includes additional cash flow from 151 park-owned homes and 192 chattel mortgages, with plans to sell the homes to focus on site rent income. The portfolio, with a 94% occupancy rate and a 6.4% capitalization rate, is expected to increase the Trust's net operating income and AFFO by about 15%. Closing is anticipated in Q2 2026, pending regulatory approval.

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