/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 10, 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 Philadelphia,
County Line Plaza was purchased for U.S.$9,600,000 (U.S.$127 PSF) at an
approximate 8.0% going-in cap rate. The asset is 100% occupied,
anchored by Food Basics and Big Lots.
To date, the Trust has acquired five 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, owned and
disposed of over C$950 million worth of commercial real estate. Slate's
in-house team of asset management professionals have over 75 years of
SOURCE: Slate Properties Inc.
For further information:
Blair Welch, Partner, Tel: (416) 644-4267 or Brady Welch, Partner, Tel: (416) 644-4263.