/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 24, 2012 /CNW/ - Slate U.S. Opportunity (No. 1) Realty
Trust (the "Trust") announced today that it has completed the
acquisition of a grocery-anchored retail asset in Columbia, South
North Pointe Shopping Center was purchased for U.S.$7,850,000 (U.S.$122
PSF) at an approximate 8.2% going-in cap rate. The asset is 100%
occupied, anchored by Publix.
To date, the Trust has acquired six assets since completing its initial
public offering in April 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 significant
experience managing complex real estate transactions in domestic and
international markets. Since 2005, the company has acquired 42
commercial real estate assets across North America with a total value
of approximately $1 billion. Slate's in-house team of asset management
professionals have over 75 years of combined experience.
SOURCE: Slate Properties Inc.
For further information:
Blair Welch, Partner, Tel: (416) 644-4267 or Brady Welch, Partner, Tel: (416) 644-4263.