First Capital Real Estate Investment Trust Extraordinary Shareholders Meeting Transcript
Hey, everyone. I'm Adam Paul. I serve as President and CEO of First Capital REIT. And it is my pleasure to welcome you to this special meeting of First Capital Unitholders. The purpose of today's meeting is for unitholders to have the opportunity to vote on a transaction that effectively amounts to the sale of the company at a very compelling valuation.
Chair of the Board, Paul Douglas, will Chair the formal meeting, which will include the results of the unitholder vote. But before the formal meeting begins, I wanted to take this opportunity to share a few reflections on how FCR has evolved over the last few years. So going back early 2024, we held our Investor Day, during which we introduced a very clear three-year strategic plan. And that plan built on the optimization plan that we had first outlined in 2022.
At its core, the three-year plan focused on how best to achieve the following three objectives for our investors: stability and growth on a consistent basis of FFO per unit, growth
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