Slate Office REIT Announces Sale of Industrial Property in Milton, Ontario
03 Septembre 2015 - 3:20PM
PR Newswire (Canada)
TORONTO, Sept. 3, 2015 /CNW/ - Slate Office REIT (the
"REIT") (TSX: SOT.UN) today announced that it has completed the
sale of 505 Industrial Drive in Milton,
Ontario to an undisclosed purchaser for $22.5 million.
The Transaction is consistent with the REIT's stated growth
strategy and focus on office assets.
Slate Management Corporation, a wholly-owned subsidiary of Slate
Asset Management L.P. ("Slate"), is the REIT's manager.
About Slate Office REIT
Slate Office REIT is an open-ended real estate investment trust.
The REIT's portfolio currently comprises 47 strategic and
well-located real estate assets located primarily across
Canada's major population centres.
The REIT is focused on maximizing value through internal organic
rental and occupancy growth and strategic acquisitions.
Visit slateam.com/SOT to learn more.
About Slate
Slate Asset Management L.P. is a leading real estate investment
platform with $3 billion in assets
under management. Slate is a value-oriented company and a
significant sponsor of all 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.
SOURCE Slate Office REIT
Copyright 2015 Canada NewsWire
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