/Not for distribution to U.S. newswire
services or dissemination in the United
States./
ERLANGER, Ky, June 26,
2023 /CNW/ - Flagship Communities Real Estate
Investment Trust (REIT) (TSX: MHC.U) received the Kentucky
Manufactured Housing Institute's (KMHI) highest award for Community
of the Year for the second consecutive year. Flagship and its
Mosby's Pointe community was honored at the annual conference in
Louisville, Kentucky on
Wednesday June 21, 2023. Mosby's
Pointe, located in Northern
Kentucky is a 251-lot community that underwent a
transformation during the past year with the addition of an outdoor
recreation center which includes a state-of-the-art municipal grade
playground and equipment, two basketball courts, soccer field and a
paved walking trail.
"We are honored to receive the community of the year award for
Mosby's Pointe," said Flagship CEO Kurt
Keeney. "The effort by our staff to serve the needs of the
diverse community, demonstrates their dedication and support for
the families living at Mosby's. We thank KMHI and its leaders for
this significant recognition."
The Kentucky Manufactured Housing Institute (KMHI) is the trade
association representing the factory-built housing industry in
Kentucky. "KMHI is proud to have
communities like Mosby's Pointe and the rest of the Flagship
Communities REIT portfolio as members," said KMHI Executive
Director, Logan Hanes. "They
continue to be the industry trendsetters in the quality and
services that they provide their residents. This is a much-deserved
award."
About Flagship Communities Real
Estate Investment Trust
Flagship Communities Real Estate Investment Trust is an
internally managed, unincorporated, open-ended real estate
investment trust established pursuant to a declaration of trust
under the laws of the Province of Ontario. The REIT has been formed to own and
operate a portfolio of income-producing manufactured housing
communities located in Kentucky,
Indiana, Ohio, Tennessee, Arkansas, Missouri, and Illinois, including a fleet of manufactured
homes for lease to residents of such housing communities.
Forward-Looking
Statements
This press release contains statements that include
forward-looking information within the meaning of Canadian
securities laws. These forward-looking statements reflect the
current expectations of the REIT regarding future events, including
statements concerning the intended monthly distributions of the
REIT. 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. Material factors and assumptions used by management of the
REIT to develop the forward-looking information include, but are
not limited to, the REIT having sufficient cash to pay its
distributions. While management considers these assumptions to be
reasonable based on currently available information, they may prove
to be incorrect.
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 final prospectus
available under the REIT's profile at www.sedar.com, including
under the heading "Risk Factors" 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.
SOURCE Flagship Communities Real Estate Investment Trust