January 30, 2017 To the Stockholders of First Capital Real Estate Trust Incorporated (the “Company” or “First Capital”):Asset Sale Agreement • February 7th, 2017 • First Capital Real Estate Trust Inc • Real estate investment trusts
After considering a variety of potential transactions designed to realize liquidity and to achieve long term shareholder value including, but not limited to, the sale of individual assets and a sale of the entire Company, we are pleased to share that First Capital entered into a definitive agreement (“Agreement”) for the sale of certain assets with Presidential Realty Corporation (OTC:PDNLA/PDNLB), a Delaware corporation (“Presidential”), as disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 19, 2016 (the “December 19, 2016 8-K”).
