/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Nov. 26, 2013 /CNW/ - Slate U.S. Opportunity (No. 3) Realty
Trust (the "Trust") announced today that it has entered into a binding
agreement to purchase North Augusta Plaza, a 254,718 square foot
anchored shopping centre in North Augusta, SC for U.S.$19,000,000 (U.S.
$75 PSF) at an approximate 8.8% going-in cap rate. The property is
anchored by a Publix grocery store. The acquisition is expected to be
completed in fourth quarter 2013 and remains subject to customary
closing conditions. Slate Properties Inc. ("Slate") is the Trust
About Slate: 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$2.2 billion of
commercial real estate assets across North America. The company
currently co-invests and manages various investment vehicles, including
Slate U.S. Opportunity (No. 1) Realty Trust, Slate U.S. Opportunity
(No. 2) Realty Trust, Slate U.S. Opportunity (No. 3) Realty Trust, and
a closed-end private fund focused on U.S. retail assets and in addition
to the company's co-investments and management of Canadian office
properties with domestic institutional equity groups.
SOURCE: Slate Properties Inc.
For further information:
Blair Welch, Partner, Tel: (416) 644-4267 or Brady Welch, Partner, Tel: (416) 644-4263.