TORONTO, Dec. 18, 2017 (GLOBE NEWSWIRE) — The Slate Canadian Real Estate Opportunity Fund I (the “Fund”) announced today that Slate Acquisitions Inc. on behalf of the Fund, has agreed to purchase a portfolio of real estate assets (the “Portfolio”) from Cominar Real Estate Investment Trust.
The Fund is a closed-end private equity vehicle managed by Slate Asset Management L.P. with a strategy to acquire commercial real estate through complex portfolio acquisitions, cyclical investing and/or asset repositioning opportunities.
The Portfolio includes 97 assets totaling 6.2 million square feet comprised of office, retail and industrial properties located in the Greater Toronto Area, Atlantic Canada and Western Canada.
Closing is expected to be completed in the first quarter of 2018 and remains subject to customary closing conditions.
About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $4.5 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.
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