/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, July 2, 2013 /CNW/ - Slate U.S. Opportunity (No. 2) Realty
Trust (the "Trust") announced today that it has completed a previously
Independence Square located in Charlotte, North Carolina was purchased
for U.S.$22,900,000 (U.S.$120 PSF) at an approximate 8.2% going-in cap
rate. The asset is 98% occupied, anchored by Walmart Neighborhood
The above transaction represents the Trust's sixth acquisition since
completing its initial public offering in November 2012. The Trust was
established for the primary purpose of indirectly acquiring, owning and
leasing a portfolio of diversified revenue-producing commercial real
estate properties in the U.S. with a focus on anchored retail
properties. Slate Properties Inc. ("Slate") is the trust Manager.
About Slate: 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$2.2 billion of commercial real estate assets across
North America. The company currently co-invests and manages various
investment vehicles, including Slate U.S. Opportunity (No. 1) Realty
Trust, Slate U.S. Opportunity (No. 2) Realty Trust, and a closed-end
private fund focused on U.S. retail assets, in addition to the
company's co-investments and management of Canadian office properties
with domestic institutional equity groups.
SOURCE: Slate Properties Inc.
For further information:
Blair Welch, Partner, Tel: (416) 644-4267 or Brady Welch, Partner, Tel: (416) 644-4263.