Slate Grocery Reit Announces Usd 54.3 Million Acquisition of 5 Grocery-Anchored Properties in the Southeastern United States
January 11, 2021 at 06:44 pm IST
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Slate Grocery REIT announced that it has entered into an agreement to acquire a portfolio of five grocery-anchored assets for USD 54.3 million (USD 137 per square foot). The following are the acquired properties: Bells Fork; Mission Hills; Parkway Station; Tanglewood Commons; an Westin Center. The area of properties in square feet is 71,666; 85,078; 94,317; 78,520; and
66,890 respectively. The Metropolitan Statistical Area is Greenville, NC; Naples, FL; Atlanta, GA; Winston-Salem, NC; and Fayetteville, NC respectively.
Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties (the properties) in the United States of America (the U.S.). Its objectives are to provide unitholders with stable cash distributions from a portfolio of grocery-anchored real estate properties in the United States. The REIT owns and operates real estate infrastructure across U.S. metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.
SLATE GROCERY REIT 
