June 9, 2016 / 9:37 PM / in a year

BRIEF-Firm Capital Property Trust says JV with First Capital Realty with acquisition of a 40 pct interest in two retail properties

June 9 (Reuters) - Firm Capital Property Trust

* Acquisition price for 100% of portfolio is approximately $75.3 million , excluding transaction costs

* As a result of portfolio acquisition, trust will increase size of its current portfolio by approximately 25% to $157 million

* Acquisition is expected to be immediately accretive to affo

* Firm capital property trust announces a joint venture with first capital realty with the acquisition of a 40% interest in two retail properties Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

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