Flagship Communities Real Estate Investment Trust (TSX:MHC.UN) agreed to acquire Manufactured housing community in Evansville, Indiana for approximately $23 million on August 21, 2023. The purchase price of $23 million will be funded with cash on the REIT's balance sheet and additional leverage. The acquisition subject to customary closing conditions and is expected to close on or about September 19, 2023. The property was acquired $12.693 million from a mortgage payable and $10.902 million in cash. Investment property acquired totaled $23.099 million.

Flagship Communities Real Estate Investment Trust (TSX:MHC.UN) completed the acquisition of Manufactured housing community in Evansville, Indiana on September 19, 2023.