/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Dec. 5, 2013 /CNW/ - Slate U.S. Opportunity (No. 3) Realty Trust (the "Trust") announced today that it has completed a previously disclosed transaction.
North Augusta Plaza located in North Augusta, South Carolina was purchased at an approximate 8.8% going-in cap rate. The 254,718 square foot property is 92% occupied and is anchored by a Kroger grocery store.
About Slate: 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