FCT Broadens Support for Cross-border Commercial Real Estate Transactions
June 18, 2024
FCT, a national service provider in real estate technology and title insurance, has broadened its capabilities to help facilitate and close cross-border real estate transactions to include multi-location deals valued over $1 billion.
The expanded capabilities build on FCT’s 20-year history of supporting cross-border transactions and increasing collaboration with First American Title Insurance Co. The joint capabilities of the two companies can help clients navigate the complexities of closing even the largest real estate transactions across international jurisdictions.
“Given our deep expertise in closing and insuring large, complex commercial real estate transactions in Canada and First American Title’s U.S. capabilities, FCT is uniquely positioned to help facilitate and close the most intricate and ambitious transactions,” said Michael LeBlanc, CEO at FCT. “Our team’s unwavering dedication to providing top-tier service empowers our customers to navigate multifaceted international transactions with confidence.”
For example, FCT and First American Title provided transaction support and title insurance for a $1.3 billion, multi-location cross-border industrial real estate purchase by a U.S. entity.
“FCT’s local, Canadian experts provide an advantage to our customers when they’re looking at a cross-border transaction, helping deliver smooth closings,” said Joe Ghilardi, president of First American Title’s National Commercial Services division. “Given we’re sister organizations under the same parent company, our customers also benefit from the natural synergies and added efficiency we’re able to bring to their cross-border deals.”
Contact ALTA at 202-296-3671 or [email protected].