Slate Retail REIT Completes Acquisition of Waterbury Plaza

TORONTO, Aug. 28, 2014 /CNW/ - Slate Retail REIT ("Slate Retail" the "REIT") (TSX: SRT.U / SRT.UN) today announced that it has successfully completed the previously announced acquisition of a grocery-anchored shopping center located in Waterbury, Connecticut.

Waterbury Plaza was acquired for U.S.$27,150,000 (U.S.$192 per square foot). The 141,443 square foot property is 100% occupied and anchored by Stop & Shop, a wholly owned subsidiary of the Dutch supermarket operator Ahold.

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 over 30 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. For more information, please visit www.slateretailreit.com.

SOURCE Slate Retail REIT

For further information: Blair Welch, Chief Executive Officer, 416 644 4267; Brady Welch, Chief Financial Officer, 416 644 4263