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TORONTO, Dec. 18, 2017 /CNW/ - Firm Capital American Realty Partners Corp. (the "Corporation") (TSXV: FCA.U/FCA) is pleased to announce today that it has commenced an overnight marketed public offering (the "Offering") of common shares of the Corporation (the "Offered Shares"). In connection with the Offering, the Corporation has filed a preliminary prospectus supplement (the "Preliminary Supplement") to the Corporation's short form base shelf prospectus dated September 15, 2017, with the securities regulatory authorities in each of the provinces of Canada, other than Quebec. The Offered Shares are being issued at a price of US$7.50 per Offered Share or CDN$9.64. The total size of the Offering will be determined in the context of the market prior to the filing of the (final) prospectus supplement in respect of the Offering. The Preliminary Supplement has not yet become final and remains subject to completion.

Canaccord Genuity Corp. is acting as the lead underwriter in connection with the Offering, on behalf of a syndicate of underwriters (the "Underwriters"). Investors will have the option of subscribing for the Offered Shares in U.S. dollars or Canadian dollars.

The Corporation has also granted the Underwriters an over-allotment option to purchase up to that number of Offered Shares representing 15% of the size of the Offering, on the same terms and conditions, exercisable at any time, and from time to time, in whole or in part, up to 30 days after the closing of the Offering.

The Corporation intends to use the net proceeds of the Offering: (i) to fund prospective acquisitions of income producing multi-family residential properties in the United States primarily in joint venture partnerships; (ii) to fund prospective investments in mortgage debt on real estate properties in the United States; (iii) for the repayment of debt; and (iv) for working capital and general corporate purposes.

The Offering is scheduled to close on or about December 28, 2017, subject to satisfaction of customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals.

About the Corporation

The Corporation is a United States focused real estate investment company that pursues real estate and debt investments through the following platforms:

• Income Producing Real Estate Investments: Acquiring income producing real estate assets in major cities across the U.S. Acquisitions are completed by the Corporation primarily in joint-venture partnerships with local industry expert partners who retain property management responsibilities; and
  
  
• Mortgage Debt Investments: Real estate debt and equity lending platform in major cities across the U.S., focused on providing all forms of bridge mortgage loans and joint venture capital.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions, and include statements relating to the filing of the (final) prospectus supplement and the timing thereof, the potential issuance of securities of the Corporation, the amount and price of securities that may be issued, the use of proceeds of the Offering and the timing of the closing of the Offering. Forward-looking statements necessarily involve known and unknown risks, including those described in the Corporation's most recent Annual Information Form and the Preliminary Supplement under "Risk Factors" (copies of which can be obtained at www.sedar.com). Such risks include, without limitation, risks associated with general economic conditions; adverse factors affecting the U.S. real estate market generally or those specific markets in which the Corporation holds properties; volatility of real estate prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; the ability of the Corporation to implement its business strategies; competition; currency and interest rate fluctuations and other risks.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Except as required by applicable law, the Corporation undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Canaccord Genuity

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