An unknown buyer acquired 11,247 square foot retail property in Pembroke, Ontario from Firm Capital Property Trust for approximately $2.7 million.
An unknown buyer completed the acquisition of 11,247 square foot retail property in Pembroke, Ontario from Firm Capital Property Trust for approximately $2.7 million on December 22, 2022. The sale price is above the Trust's current IFRS value of approximately $2.3 million. The sale of the property will create a capital gain for tax purposes on sale of approximately $0.8 million that will increase the portion of our distribution that is treated as capital gains to approximately 5% in 2022.