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Feb 8, 2023 · TORONTO, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Dori Segal, whose family is one of the largest individual unitholders of FCR (owning more than 1.5%), today issued the below open letter to unitholders...
Nov 10, 2022 · TORONTO, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Mr. Dori J. Segal today issued the below open letter to unitholders of First Capital Real Estate Investment Trust (TSX: FCR.UN). Dear First Capital...
Feb 8, 2023 · TORONTO, Feb. 08, 2023 (GLOBE NEWSWIRE) — Dori Segal, whose family is one of the largest individual unitholders of FCR (owning more than 1.5%), today issued the below open letter to unitholders of First Capital Real Estate Investment Trust (TSX: FCR.UN).
Feb 8, 2023 · TORONTO, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Dori Segal, whose family is one of the largest individual unitholders of FCR (owning more than 1.5%), today issued the below open letter to unitholders...
- Segal’s Early Real Estate Mentor
- The Early Years of First Capital
- Land Is The Most Important Thing
- Passing The Baton to Adam Paul
- First Capital’s Accomplishments and Challenges
Segal admitted his only real estate experience before officially entering the business came when he invested $50,000 in 1985. In the end, he said, he lost $65,000 on the investment. That didn’t dampen his enthusiasm, however, so in 1992 Segal told lawyer, real estate entrepreneur and Gazit Globefounder Chaim Katzman he was willing to invest all of ...
As part of First Capital’s acquisition of Centrefund, the Canadian company insisted it must stay on as property manager for four years because it already knew the market well and could handle leasing. “That gave me four years to focus on the investment side of the business, looking after development and creating things for the future,” Segal said. ...
“The real value of real estate is land,” said Segal. “Buildings are depreciating assets.” First Capital has invested so well that Segal said it can double the density of its portfolio just through the intensification of the assets it already owns. “We always paid attention to the basic things in real estate: location, how much are we paying per squ...
Segal told Paul he believes the new CEO has a more difficult job moving First Capital forward than he did in forming and growing the company. He noted it’s now bigger, has more employees and is involved in more complicated mixed-use properties. “You don’t get the credit from the past,” Segal said. “You’re only going to get the obligation for the fu...
Some of the First Capital accomplishments Segal is most proud of include: * emerging from the 2009 economic downturn in “very good shape;” * creating properties that look good and perform well; * the attention paid to environmentalism and sustainability at its properties. “The one thing I’ve struggled with is the mismatch between being a real estat...
Jan 8, 2021 · Investors who take an interest in First Capital Real Estate Investment Trust should definitely note that the Independent Trustee, Dori Segal, recently paid CA$13.47 per share to buy CA$263k...
Oct 6, 2022 · Fund manager Ewing Morris & Co. Investment Partners Ltd., backed by investors that include First Capital founder and former chief executive officer Dori Segal, are pushing to remove the REIT’s...
