Attention Business Editors:

First Capital Realty sets date for Q3 2008 results conference call

    TORONTO, Oct. 6 /CNW/ - First Capital Realty Inc. ("First Capital
Realty") (TSX: FCR) invites you to participate at its live conference call
with senior management announcing our third quarter results on Friday,
November 7th, 2008 at 1:00p.m. EST.
    Third quarter 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, Downloads.

    Teleconference:

    You may participate in the live conference toll free at 866-299-6657 or
at 416-641-6135. To ensure your participation, please call five minutes prior
to the scheduled start of the call. The call will be archived through November
14, 2008 and can be accessed by dialing toll free 800-408-3053 or 416-695-5800
with access code 3272282.

    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.

    Slide Presentation

    A slide presentation to accompany management's comments during the
conference call will be available. To view the slides, please go to First
Capital Realty's website at www.firstcapitalrealty.ca, and click on the link
for the Conference Call at the top of our Home Page.
    Management's presentation will be followed by a question and answer
period. To ask a question, press ' (*) 1' 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 the pound key '#'. If you hang up, you can reconnect by dialing
866-299-6657 or 416-641-6135. 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 and drugstore-anchored neighbourhood and community shopping
centres, located predominantly in growing metropolitan areas. The Company
currently owns interests in 170 properties, including eleven under
development, totalling approximately 19.6 million square feet of gross
leasable area and 7 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 investment in Equity One, the Company has interests in
328 properties totalling approximately 35.5 million square feet of gross
leasable area.

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