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Terra Firma Capital Corporation Announces the Closing of two Transactions with Reichmann International Realty Advisors Totaling US$14 Million (CDN$18.8 Million)

April 25, 2019 By Globenewswire Tagged With: TSX-V:TII

TORONTO, April 25, 2019 (GLOBE NEWSWIRE) — Terra Firma Capital Corporation (TSX-V: TII) (“Terra Firma” or the “Company”), is pleased to announce the closing of two preferred equity investments (the “Investments”) totaling US$14million (CDN$18.8 million) in two separate assisted living and memory care projects to be developed in two separate locations in Florida, Del Ray Beach and Royal Palm Beach.  The Company committed to invest US$7 million (CDN$9.4 million) into the Del Ray Beach project which will consist of 130 units for both assisted living and memory care. The Company also committed to invest US$7 million (CDN$9.4 million) into the Royal Palm Beach project which will consist of 104 units for both assisted living and memory care.

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