Toronto-based Slate Grocery REIT has agreed to acquire a portfolio of 14 grocery-anchored shopping centers in the US for $425M. The portfolio, which encompasses 2.5M SF and is located in seven states, including Florida, North Carolina and Georgia.
The REIT did not disclose the seller, but said anchor tenants include Publix, Ahold Delhaize, Albertsons and Walmart.
Slate Grocery REIT also announced that it has entered into a strategic joint venture with Slate North American Essential Real Estate Income Fund (NA Essential Fund), a vehicle managed by Slate Asset Management, to make an initial investment of $180M into the REITs assets through the purchase of partnership interests in two of its subsidiaries.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
