Flagship Communities Real Estate Investment Trust (TSX:MHC.UN) agreed to acquire The Lakeview, Ohio Resort Community for $3 million on September 7, 2023. The purchase price of $3 million will be funded with cash on the REIT's balance sheet with seller financing of $2 million at 3% interest for 6 years. The Acquisition is expected to close on or about October 5, 2023 subject to customary closing conditions.
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- Flagship Communities Real Estate Investment Trust (TSX: MHC.UN) agreed to acquire The Lakeview, Ohio Resort Community for $3 million.