Core Viewpoint - Flagship Communities Real Estate Investment Trust has announced two strategic acquisitions in Indiana and Ohio for a total consideration of US$79 million, which are expected to enhance the REIT's adjusted funds from operations (AFFO) on a per Unit basis [1][2]. Acquisition Details - The acquisition includes a manufactured housing community in Seymour, Indiana, for approximately US$45 million, primarily funded through new debt financing [2]. - Additionally, Flagship is acquiring a portfolio of three manufactured housing communities in Greater Cincinnati, Ohio, for US$34 million, expected to close in November 2025, funded through the assumption of US$14.3 million of debt at a weighted average interest rate of 2.84% [2][3]. Community Characteristics - The Seymour MHC consists of 744 lots with an occupancy rate of 91.2%, including 85 lots available for future expansion, indicating potential for occupancy growth [3]. - The Greater Cincinnati MHCs comprise 496 lots across three communities, with an occupancy rate of 65.5%, presenting opportunities for improvement [3]. Strategic Rationale - The acquisitions align with Flagship's strategy of targeting under-performing MHCs with significant vacancy, aiming to enhance value through occupancy growth and lot expansion [3][6]. - The strategic expansion in key markets of Indiana and Ohio is expected to generate economies of scale and operational synergies [4][6]. Location Advantages - The Seymour MHC is strategically located between major cities and near significant employers, schools, and retail centers, enhancing its attractiveness [4]. - The Greater Cincinnati MHCs are also well-positioned near major employers and interstate highways, facilitating operational efficiencies [5][6]. Company Overview - Flagship Communities Real Estate Investment Trust operates affordable residential manufactured housing communities primarily serving working families seeking home ownership across several states, including Kentucky, Indiana, Ohio, Tennessee, Arkansas, Missouri, West Virginia, and Illinois [7].