/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, May 13, 2014 /CNW/ - Slate U.S. Opportunity (No. 3) Realty
Trust (the "Trust") announced today that it has completed a previously
Canton Shopping Center located in Canton, Michigan (Detroit MSA) was
purchased at an approximate 8.3% going-in cap rate. The 72,414 square
foot property is 91% occupied and is anchored by an ALDI grocery
store. 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$2.4 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.