TORONTO, ON--(Marketwired - March 18, 2016) - Slate Retail REIT (
The property is 99% occupied and anchored by a Wal-Mart. It will be acquired for U.S. $20.9 million (U.S. $100 per square foot). The acquisition is expected to be completed in March 2016 and remains subject to customary closing conditions.
Slate Asset Management L.P. ("Slate") is the REIT's manager.
About Slate Retail REIT
Slate Retail REIT is an open-ended real estate investment trust focused on U.S. grocery-anchored real estate. The REIT's portfolio includes 66 properties located primarily across the top 50 U.S. metro markets. The REIT is focused on maximizing value through internal organic rental growth and strategic acquisitions. Visit slateam.com/SRT to learn more.
About Slate
Slate Asset Management L.P. is a leading real estate investment platform with over $3 billion in assets under management. Slate is a value-oriented company and a significant sponsor of all its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.
Contact Information:
For Further Information:
Investor Relations
Slate Retail REIT
+1 416 644 4264
ir@slateam.com