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    Flagship Communities Real Estate Investment Trust (TSX: MHC.U) has acquired a 504-lot manufactured housing community in Georgetown, Kentucky from Empower Park, LLC. The Acquisition is expected to be accretive to the REIT's adjusted funds from operations and will be funded using cash on hand and approximately $17 million in assumed debt. Since 2022, Empower has made significant improvements to the MHC, including removing older homes, installing new amenities, and re-surfacing streets.

    Located near major employers and highly rated schools, the community features many new amenities such as two municipal grade playgrounds, four basketball courts, a dog park, and a community center. The Acquisition aligns with Flagship's strategy of acquiring under-occupied MHCs in prime locations within their existing footprint.