First Capital Real Estate Investment Trust announced a private placement to issued series B senior unsecured debentures for aggregate principal amount of CAD 300 million on February 27, 2024. The Debentures, which will be issued at par, will bear interest at a rate of 5.572% per annum and will mature on March 1, 2031. Subject to customary closing conditions, the offering is expected to close on March 1, 2024.