SOURCE: Slate Retail REIT

Slate Retail REIT

September 13, 2017 17:44 ET

Slate Retail REIT Provides Update on Hurricane Irma

TORONTO, ON--(Marketwired - September 13, 2017) - Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the "REIT"), an owner and operator of U.S. grocery- anchored real estate, announced today that the REIT has completed on site evaluations and estimates remediation costs to be less than U.S. $30,000 across all of its properties in Florida. The REIT's Florida portfolio consists of 13 retail properties comprising approximately 1.4 million square feet of gross leasable area.

About Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN)
Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates over U.S. $1 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation. Visit slateretailreit.com to learn more about the REIT.

About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $4 billion in assets under management. Slate is a value-oriented manager and a significant sponsor of all of its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long-term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Contact Information

  • For Further Information
    Investor Relations
    Slate Retail REIT
    +1 416 644 4264
    ir@slateam.com