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The REIT intends to use the net proceeds from the Offering to fund the purchase price of the REIT's previously announced acquisition of two high-quality manufactured housing communities comprising 677 lots for an aggregate purchase price of approximately
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Forward-Looking Statements
This press release contains statements that include forward-looking information within the meaning of Canadian securities laws, including with respect to the use of the net proceeds from the Offering, the completion of the Acquisitions and the timing thereof. In some cases, forward-looking statements can be identified by terms such as "may", "will", "could", "occur", "expect", "anticipate", "believe", "intend", "estimate", "target", "project", "predict", "forecast", "continue", or the negative thereof or other similar expressions concerning matters that are not historical facts.
These forward-looking statements reflect the current expectations of the REIT regarding future events. The REIT has based these forward-looking statements on certain assumptions about future events and trends, including that the conditions to closing of the Acquisitions will be met or waived in a timely manner and that the Acquisitions will be completed on the current agreed upon terms. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect. The REIT cautions that this list of assumptions is not exhaustive.
Although management believes the expectations reflected in such forward-looking statements are reasonable and represent the REIT's internal expectations and beliefs at this time, such statements involve known and unknown risks and uncertainties and may not prove to be accurate and certain objectives and strategic goals may not be achieved. A variety of factors, many of which are beyond the REIT's control, could cause actual results in future periods to differ materially from current expectations of events or results expressed or implied by such forward-looking statements, such as the risks identified in the REIT's current annual information form available at www.sedar.com, including under the heading "Risks and Uncertainties" therein. Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, the REIT undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made.
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