/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Dec. 19, 2013 /CNW/ - Slate U.S. Opportunity (No. 3) Realty
Trust (the "Trust") announced today that it has entered into a binding
agreement and subsequently completed the purchase of Watford Plaza.
Watford Plaza located in Watford, North Dakota was purchased at an
approximate 8.00% going-in cap rate. The 101,798 square foot property
is 100% occupied and is anchored by a Cash Wise Foods grocery store.
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, a closed-end private fund focused on
U.S. retail assets and 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.