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Flagship Communities REIT Investment Trust ( ($TSE:MHC.UN) ) just unveiled an announcement.
Flagship Communities REIT has expanded its presence in Kentucky by acquiring a 504-lot manufactured housing community in Georgetown. This acquisition, funded with cash and assumed debt, aligns with the company’s growth strategy by enhancing economies of scale and operational synergies. The community, which has undergone significant improvements, offers new amenities and has potential for increased occupancy, supporting Flagship’s strategy of acquiring under-occupied MHCs. The location near major employers and schools enhances its appeal, and the acquisition is expected to positively impact the REIT’s adjusted funds from operations.
The most recent analyst rating on ($TSE:MHC.UN) stock is a Buy with a C$20.00 price target. To see the full list of analyst forecasts on Flagship Communities REIT Investment Trust stock, see the TSE:MHC.UN Stock Forecast page.
More about Flagship Communities REIT Investment Trust
Flagship Communities Real Estate Investment Trust is a leading operator of affordable residential manufactured housing communities (MHCs) primarily serving working families seeking affordable home ownership. The REIT owns and operates residential living experiences and investment opportunities in family-oriented communities across Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois.
Average Trading Volume: 3,333
Technical Sentiment Signal: Buy
Current Market Cap: C$630.7M
For detailed information about MHC.UN stock, go to TipRanks’ Stock Analysis page.