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First Capital's Former CEO Looks To Oust REIT's Current CEO and Board Chairman

Dori Segal Issues Open Letter to Unitholders With Demands for One of Canada's Largest Retail Landlords
First Capital's current CEO Adam Paul, left, and the REIT's former CEO Dori Segal, right, at a company event in 2019. Segal is leading a fight to have Paul removed as chief executive. (Garry Marr/CoStar News)
First Capital's current CEO Adam Paul, left, and the REIT's former CEO Dori Segal, right, at a company event in 2019. Segal is leading a fight to have Paul removed as chief executive. (Garry Marr/CoStar News)
CoStar News
November 16, 2022 | 4:20 P.M.

The founder and former chief executive of First Capital REIT is challenging the real estate investment trust to publicly disclose why he was removed from the board, as well as calling for the removal or resignation of the REIT's CEO and chair.

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