KingSett Capital and Choice Properties formed a joint venture to purchase First Capital Real Estate Investment Trust in a unit-and-cash transaction valued at about $9.4 billion, effectively ending First Capital's three-year plan designed to strengthen its financial position by reducing debt and offloading some properties.
Choice Properties REIT, KingSett Capital to buy First Capital REIT in $9.4 billion tie-up
Sale marks conclusion of three-year strategic plan
By Neil Sharma
CoStar NewsApril 16, 2026 | 9:23 P.M.
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IN THIS ARTICLE
- Companies
- Choice Properties
Real Estate
- KingSett Capital
Finance and Insurance
- First Capital REIT
Real Estate