Mr. Robert McKee reports

FIRM CAPITAL PROPERTY TRUST CLOSES $8.5 MILLION MHC ACQUISITION, ADVANCES $218 MILLION PORTFOLIO TRANSACTION

Firm Capital Property Trust has closed the previously announced acquisition of a 50-per-cent interest in a 103-site manufactured home community (MHC) located in Didsbury, Alta., for $8.5-million (100-per-cent ownership), excluding transaction costs. The trust closed on this acquisition through its existing joint venture arrangement with SunPark Communities LP, such that the trust owns 50 per cent of this MHC and SunPark the remaining 50 per cent.

This acquisition strengthens the trust's growing MHC platform, a sector characterized by stable occupancies and consistent cash flows. The acquisition aligns with the trust's consistent focus on capital preservation and disciplined investing while expanding its presence in Western Canada.

With respect to the remaining purchase of the 50-per-cent interest in a 10-property, 1,649-site MHCs located in Alberta and Saskatchewan for a purchase price of $218-million (100-per-cent ownership), excluding transaction costs, the trust is anticipating closing during Q2 (second quarter) 2026, conditional on a number of items, including, but not limited to, approval from the Competition Bureau and standard closing conditions. The trust is also purchasing these MHCs through its existing joint venture arrangement with SunPark.

About Firm Capital Property Trust

Firm Capital Property is focused on creating long-term value for unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders, the trust's plan is to own, as well as to co-own, a diversified property portfolio of multiresidential, flex industrial and net lease convenience retail. In addition to stand-alone accretive acquisitions, the trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the trust sources, syndicates and property and asset manages investments on behalf of the trust. For the complete financial statements, management's discussion and analysis, and supplementary information, please visit SEDAR+ or the trust's website.

About SunPark Communities LP

SunPark Communities is the manufactured home community land lease division of the Firm Capital organization. SunPark Communities is focused on the ownership of a growing portfolio of manufactured home communities located across Canada. Subsequent to the acquisition of the portfolio, SunPark will own a portfolio of 2,572 MHC sites located in Ontario, Alberta and Saskatchewan.

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