Slate Grocery REIT to acquire 14 properties comprising 2.5m sqft in the United States for $425m.

Slate Grocery REIT, an owner and operator of United States grocery-anchored real estate, agreed to acquire 14 properties comprising 2.5m sqft in the United States for $425m. "This Acquisition and Joint Venture illustrate the value and resources Slate Asset Management brings to all of our managed entities. Our global reach and track record facilitate these creative solutions for capital and deals that enable the REIT’s continued growth and ensure we are providing the best value to the REIT’s unitholders. We are very pleased to establish this partnership between Slate Grocery REIT and the Slate North American Essential Real Estate Income Fund, which demonstrates confidence from a leading institutional investor in the REIT’s strategy, management, and valuation," Blair Welch, Slate Grocery REIT CEO and Slate Founding Partner.