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First Capital Strikes Deals To Sell Interests in Shopping Centers, Development Site

Toronto-Based REIT Looks To Cash In As Rents, Values Increase Across Its Portfolio
First Capital's Station Place project in Toronto includes a 40-floor tower with 333 apartments. (First Capital)
First Capital's Station Place project in Toronto includes a 40-floor tower with 333 apartments. (First Capital)
CoStar News
August 11, 2021 | 10:51 P.M.

First Capital Real Estate Investment Trust is shedding more holdings, agreeing to sell its interests in two shopping centers in Western Canada and a partial stake in its soon-to-be-completed Station Place mixed-use development in Toronto for roughly $224 million.

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News | First Capital Strikes Deals To Sell Interests in Shopping Centers, Development Site