First Capital REIT announced a support and cooperation agreement between First Capital and each of Vision Capital Corporation and Ewing Morris & Co. Investment Partners Ltd. that will result in the immediate increase of the size of the board of trustees of the REIT to ten trustees and the appointment of Mr. Richard Nesbitt to the Board. Richard's impressive career includes seven years of senior leadership roles with the Toronto Stock Exchange as CEO between 2004 and 2008, having initially joined as President of TSX Markets in 2001.

His 20-year financial services senior executive roles were primarily with CIBC where he most recently served as Chief Operating Officer and CEO of CIBC World Markets until his retirement in 2014. Subsequently, Richard served as CEO of the Global Risk Institute. Richard has served on several corporate boards of directors and presently is on the Advisory Board for Vision.

Presently, Richard is Chair of the board of The Inclusion Initiative at the London School of Economics, and is an Adjunct Professor at the Rotman School of Management at the University of Toronto. Richard has published a book (with Barbara Annis) titled "Results at the Top" on the issue of men's responsibility for gender diversity to improve their organizations and a book (with Michael King) titled "The Technological Revolution in Financial Services".