First Capital Realty sets date for 2007 results conference call



    TORONTO, Jan. 16 /CNW/ - First Capital Realty Inc. ("First Capital
Realty") (TSX:FCR) invites you to participate at its live conference call with
senior management announcing our 2007 year end results on Friday, March 7,
2008 at 1:00 p.m. E.S.T.
    Year end financial results will be released prior to the call and made
available on First Capital Realty's website in the Pressroom section. The
Supplemental Package link will be on our Home Page at
www.firstcapitalrealty.ca or click on Investor Relations, investor downloads.

    TELECONFERENCE:

    You may participate in the live conference toll free at 800-633-8949 or
at 416-641-6700. To ensure your participation, please call five minutes prior
to the scheduled start of the call. The call will be archived through March
14, 2008 and can be accessed by dialing toll free 800-558-5253 or 416-626-4100
with access code 21372707.

    WEBCAST:

    To access the webcast, go to First Capital Realty's website at
www.firstcapitalrealty.ca, and click on the link for the webcast at the bottom
of our Home Page. The webcast will be archived on our Home Page for 30 days
and can be accessed, thereafter, in our Conference Calls section of our
website.
    Management's presentation will be followed by a question and answer
period. To ask a question, press '1' followed by '4' on a touch-tone phone.
The conference call coordinator is immediately notified of all requests in the
order in which they are made, and will introduce each questioner. To cancel
your request, press '1' followed by '3'. If you hang up, you can reconnect by
dialing 800-633-8949 or 416-641-6700. For assistance at any point during the
call, press '(*)0'.

    ABOUT FIRST CAPITAL REALTY (TSX:FCR)

    First Capital Realty is Canada's leading owner, developer and operator of
supermarket-anchored neighbourhood and community shopping centres, located
predominantly in growing metropolitan areas. The Company currently owns
interests in 164 properties, including six under development, totalling
approximately 19.3 million square feet of gross leasable area and 12 land
sites in the planning stage for future retail development. In addition, the
Company owns 14 million shares of Equity One (approximately 19%), one of the
largest shopping centre REITS in the southern U.S., that trades on the New
York Stock Exchange under the ticker symbol EQY. Including its investments in
Equity One, the Company has interests in 332 properties totalling
approximately 36.4 million square feet of gross leasable area.

    This press release may contain forward-looking statements relating to
First Capital Realty's operations and the environment in which it operates
that are based on First Capital Realty's expectations, estimates, forecasts
and projections. These statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to control or predict.
Therefore, actual outcomes and results may differ materially from those
expressed in these forward-looking statements. Readers, therefore, should not
place undue reliance on any such forward-looking statements. Further, a
forward-looking statement speaks only as of the date on which such statement
is made. First Capital Realty undertakes no obligation to publicly update any
such statement or to reflect new information or the occurrence of future
events or circumstances.





For further information:

For further information: Dori J. Segal, President & C.E.O., or Karen H.
Weaver, C.F.O., First Capital Realty Inc., 85 Hanna Ave., Suite 400, Toronto,
Ontario, Canada, M6K 3S3, Tel: (416) 504-4114, Fax: (416) 941-1655,
www.firstcapitalrealty.ca


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