/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 26, 2012 /CNW/ - Slate U.S. Opportunity (No. 1) Realty
Trust (the "Trust") announced today that it has entered into a binding
agreement to purchase Gaston Marketplace, a 44,133 square foot
grocery-anchored retail centre in Gaston, South Carolina (Greater
Columbia) for U.S.$4,900,000 (U.S.$111 PSF) at an approximate 8.4%
going-in cap rate. The asset is 94% occupied, anchored by Food Lion
and Family Dollar. The acquisition is expected to be completed in the
fourth quarter of 2012 and remains subject to customary closing
conditions. 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.