An unknown buyer entered in a binding agreement to acquire 39,420 square foot medical office building in Barrie, Ontario from Firm Capital Property Trust (TSX:FCD.UN) for approximately $10.5 million on December 8, 2022. The closing expected to occur during the fourth quarter of 2022.

An unknown buyer completed the acquisition of 39,420 square foot medical office building in Barrie, Ontario from Firm Capital Property Trust (TSX:FCD.UN) on December 29, 2022. The net proceeds from the sale of approximately $2.0 million (net of closing costs) will be used to repay a portion of Firm Capital Property Trust's revolving credit facility. The transaction is immediately accretive to the Trust's AFFO.