Flagship Communities Real Estate Investment Trust (TSX:MHC.U) agreed to acquire Three High-quality Manufactured Housing Communities in Lexington, Bryant and Bald Knob for $56.8 million on November 11, 2021. The purchase price is expected to be funded primarily with the net proceeds from the REIT's $40.4 million offering of trust units with the balance to be funded with cash on hand. The acquisition is subject to customary closing conditions and are expected to close in December 2021. The REIT intends to use the net proceeds from the offering to fund the purchase price of the acquisition and for general business purposes. The acquisition, together with the offering, are expected to be immediately accretive to the REIT’s adjusted funds from operations per Unit on a leverage neutral basis. Flagship Communities Real Estate Investment Trust (TSX:MHC.U) completed the acquisition of Three High-quality Manufactured Housing Communities in Lexington, Bryant and Bald Knob on December 16, 2021.