KingSett, Choice Properties REIT acquire First Capital REIT

KingSett Capital and Choice Properties REIT have entered into a definitive agreement to acquire First Capital REIT in a transaction valued at approximately $9.4 billion. This significant deal will see First Capital REIT taken private, combining its portfolio with the assets of its new owners. The acquisition is expected to create a larger, more diversified real estate entity with enhanced market presence. Further details regarding the integration and strategic direction of the combined portfolios are anticipated following the completion of the transaction.