First Capital Realty's Annual Shareholders' Meeting

TORONTO, May 22, 2012 /CNW/ - First Capital Realty Inc. ("First Capital Realty") (TSX:FCR) Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets, will hold its Annual Shareholders' Meeting at 1:00pm (ET) on Wednesday, May 23, 2012 at the Design Exchange, 234 Bay Street, Toronto Ontario.

Members of First Capital Realty's senior management team will provide a virtual property tour showcasing certain of the Company's development and redevelopment activities to be completed in 2012 as well as a look ahead at the Company's future value creation projects.  The Company encourages you to attend and learn first-hand about First Capital Realty's strategies to continue its growth and solid operating performance.

For those unable to attend the meeting in person, a live audio webcast of the meeting and management's presentation will be provided simultaneously. Please access the link on the Company's website at www.firstcapitalrealty.ca. The webcast will also be archived on the Company's website following the meeting.

ABOUT FIRST CAPITAL REALTY (TSX: FCR)

First Capital Realty is Canada's leading owner, developer and operator of supermarket and drugstore anchored neighbourhood and community shopping centres, located predominantly in growing urban markets. The Company currently owns interests in 163 properties, including seven under greenfield development, totalling approximately 22.7 million square feet of gross leasable area and three sites in the planning stage for future retail development.

Dori J. Segal, President & CEO, or
Karen H. Weaver, EVP & CFO
First Capital Realty Inc.
85 Hanna Avenue, Suite 400
Toronto, Ontario, Canada M6K 3S3
Tel: [phone]
www.firstcapitalrealty.ca