Slate Retail REIT
Slate Retail REIT is a leading investor in U.S. commercial real estate, generating growth for unitholders by acquiring well-positioned grocery-anchored retail plazas and bringing our value-added skills to bear.
Slate entered this sector after the financial crisis, seeing an opportunity to acquire well performing real estate with high quality tenants at depressed valuations. Our view was that, even in a weaker economy and amid competition from e-commerce, Americans would rely on neighbourhood shopping centres for daily needs. We found real value, with properties selling for significantly less than replacement cost and peak value.
Today, the U.S. economy has recovered, but we continue to find attractive opportunities. Once we own the malls, we roll up our sleeves and find ways to increase rents, improve lease terms and drive occupancy.
Slate Retail REIT now owns 72 properties totaling approximately 9.5 million square feet. The portfolio is in excess of 92% occupancy and our anchor tenants are among the largest grocery retailers in the country.
That's how our vision creates value.
North Augusta Plaza, North Augusta SC
Hocking Valley, Lancaster OH