Flagship Communities Real Estate Investment Trust announced that it has entered into agreements to acquire a total of seven manufactured housing communities, comprising 1,253 lots, for an aggregate purchase price of approximately USD 93.0 million. Transaction Highlights: Increased Size and Scale: Enhances Flagship's scale, with the REIT's pro forma portfolio consisting of 82 communities comprising 15,033 lots; Expansion into New Markets: The Acquisitions strengthen the REIT's presence in Tennessee while entering the core Nashville market, which is one of the fastest growing markets in the U.S. The Acquisitions also expand the REIT's operations into West Virginia, which represents the REIT's eighth contiguous U.S. state, and provide significant growth opportunities to become a market leading owner in these markets; Organic Growth Potential: Organic cash flow growth generated by the REIT's active lot leasing and home sales strategy, along with the implementation of expense optimization initiatives, are expected to generate stable, recurring and above market organic growth; Attractive Cost Basis: The Purchase Price represents a 5.6% capitalization rate based on year 1 NOI and a price per lot of approximately USD 74,000; Operating Platform Synergies & Economies of Scale: The REIT continues to expand its portfolio without material incremental corporate level expenses and is well-positioned to further benefit from its scalable platform going forward.