Tag: FCR.UN
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Choice Properties grabs a $5B chunk of First Capital’s portfolio in a $9.4B deal
Big news for Choice Properties REIT (TSX: CHP.UN) today: it’s teaming up with KingSett Capital to buy First Capital Real Estate Investment Trust (TSX:FCR.UN) in a transaction valued at roughly $9.4 billion (including debt). The way the deal is structured, Choice ends up with about $5.0 billion of First Capital’s necessity-focused neighbourhood shopping centres, exactly Read more