An unknown buyer entered into a binding agreement to acquire a 100% interest in Towerlane Centre & Airdrie Village in the Calgary bedroom community of Airdrie from First Capital Real Estate Investment Trust (TSX:FCR.UN) on August 10, 2021. In related transactions, First Capital Real Estate Investment Trust (TSX : FCR.UN) also entered into binding agreements to sell a 100% interest in Langley Mall located within the Vancouver bedroom community of Langley and a 50% interest in Station Place, through its partnership in Main & Main, to Centurion Apartment REIT on August 10, 2021. The aggregate combined sale price of all agreements is approximately CAD 224 million. Closing of the Towerlane Centre & Airdrie Village sale remains subject to certain closing conditions typical for transactions of this type and is scheduled to occur near the end of the third quarter.