/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Oct. 8, 2013 /CNW/ - Slate U.S. Opportunity (No. 2) Realty
Trust (the "Trust") announced today that it has entered into a binding
agreement to purchase Oak Hill Village, a 78,492 square foot
grocery-anchored shopping center in the Jacksonville metropolitan area
for U.S.$7,350,000 (U.S. $94 PSF) at an approximate 8.1% going-in cap
rate. The property is anchored by a Publix. The acquisition is
expected to be completed in first quarter 2014 and remains subject to
customary closing conditions. Slate Properties Inc. ("Slate") is the
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, Slate U.S.
Opportunity (No. 3) Realty Trust, and a closed-end private fund focused
on U.S. retail assets and 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.