Slate U.S. Opportunity (No. 3) Realty Trust Provides Update on Recent Acquisition Activity


TORONTO, May 1, 2014 /CNW/ - Slate U.S. Opportunity (No. 3) Realty Trust (the "Trust") announced today that it has completed a previously disclosed transaction.

Mulberry Square located in Milford (Cincinnati MSA), Ohio was purchased at an approximate 7.8% going-in cap rate. The 146,730 square foot property is 91% occupied and is anchored by a Kroger grocery store.

About Slate Properties: Slate is a Toronto-based commercial real estate investor and asset manager.  Slate's founding partners have nearly two decades of experience in the industry managing complex real estate transactions in domestic and international markets.  Since 2005, the company has acquired over C$2.4 billion of commercial real estate assets across North America. The company currently co-invests in and manages various investment vehicles, including the Trust and Slate Retail REIT (TSX: SRT.UN/SRT.U), an open-ended investment trust that is listed on the Toronto Stock Exchange. Slate also owns and manages a portfolio of Canadian office properties with domestic institutional equity.

SOURCE Slate Properties Inc.

For further information: Blair Welch, Partner, Tel: (416) 644-4267 or Brady Welch, Partner, Tel: (416) 644-4263