/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Sept. 29, 2014 /CNW/ - Slate U.S. Opportunity (No. 3) Realty Trust (the "Trust") announced today that it has completed the previously disclosed acquisition of a 42,500 square foot shopping centre located in Lovingston, Virginia. The property is anchored by a Food Lion grocery store.
Including the above-mentioned transaction, the Trust has acquired thirteen (13) assets and has substantially invested the proceeds stemming from its initial public offering in October 2013. 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 Properties Inc.
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$2.5 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, Slate Properties Inc., 416 644 4267; Brady Welch, Partner, Slate Properties Inc., 416 644 4263