Choice Properties REIT

On its website, the REIT said it had 699 properties, more than 18 million square feet in the development pipeline, 37 million square feet of grocery-anchored retail in the portfolio, and it had an industry-leading balance sheet with 7.0x Debt/EBITDA.

First Capital REIT unitholders have approved the company's sale to KingSett Capital and Choice Properties, marking a turning point for one of Canada's most influential retail real estate companies and raising questions about the future of key urban retail districts including Toronto's Yorkville.

First Capital REIT is being acquired by KingSett Capital and Choice Properties REIT in a $9.4 billion unit and cash deal.

“Choice Properties delivered another solid quarter, reflecting the strength of our portfolio and disciplined financial strategy.”