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Firm Capital Apartment REIT to exit US multifamily market

Canadian company to sell remaining holdings south of border, stop doing business there
Firm Capital Apartment REIT's headquarters is this office building in Toronto. (Laurent Bouzaglo/CoStar)
Firm Capital Apartment REIT's headquarters is this office building in Toronto. (Laurent Bouzaglo/CoStar)
CoStar News
November 21, 2025 | 1:06 P.M.

After posting a sizable loss this past quarter, the board of Firm Capital Apartment Real Estate Investment Trust, a publicly traded Toronto-based firm focused on apartment ownership since 2012, said it will cease doing business in the United States and plans to sell its remaining U.S. assets and consider returning cash to investors or repurposing the trust.

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