Flagship Communities Real Estate Investment Trust

10:23 AM EST - Flagship Communities Real Estate Investment Trust : Will acquire two communities to its portfolio with the acquisition of two properties in Florence Kentucky, for a purchase price of approximately $22.5 million U.S.. The Acquisition is 70% occupied. The Acquisition is subject to customary closing conditions and is expected to close on or about May 18. Flagship Communities Real Estate Investment Trust shares T.MHC.U are trading unchanged at $18.34.

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