Slate Retail REIT Announces the Purchase of National Hills Shopping Center in Georgia

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TORONTO, Oct. 12, 2017 (GLOBE NEWSWIRE) -- 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 it has entered into a binding agreement to acquire National Hills Shopping Center (the “Property”) for U.S. $24.7 million ($154 per square foot).  The Property is 94% occupied, is anchored by The Fresh Market and is located in the Augusta-Richmond County Metropolitan Statistical Area. Closing is expected to be completed in the fourth quarter of 2017 and remains subject to customary closing conditions.

Slate Asset Management L.P. is the REIT's manager.

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Globe Newswire: 23:50 GMT Thursday 12th October 2017

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