On April 16, 2026, KingSett Capital ("KingSett"), together with Choice Properties REIT, announced that they have entered into an arrangement agreement to acquire all of the issued and outstanding units of First Capital REIT.
In connection with the transaction, TD Securities Inc. and Desjardins Securities Inc. are underwriting and arranging approximately C$3.1 billion in acquisition financing for KingSett.
McCarthy Tétrault LLP is advising TD Securities Inc. and Desjardins Securities Inc. with a team led by Tzen‑Yi Goh and Sarit Pandya that includes Niusha Arbabi and Josiah Schaafsma (Real Property & Planning).