TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of September 2023 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on October 16, 2023 to unitholders of record as of the close of business on September 29, 2023.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

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Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the Board of Trustees has declared a distribution for the month of September 2023 of C$0.01 per trust unit of the REIT, representing $0.12 per trust unit of the REIT on an annualized basis.

The distribution will be payable on October 16, 2023 to unitholders of record as of the close of business on September 29, 2023.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Brent Elkins and Jeremy King Join Residential Rental Service Platform to Continue Transforming the Asset Class

NEW YORK–(BUSINESS WIRE)–Avenue One, a technology service platform and investment marketplace for institutional owners, buyers and sellers of residential rental real estate, has announced the additions of Brent Elkins and Jeremy King to expand the reach of Avenue One’s platform with investors.

Elkins was named Head of Real Estate Capital Partnerships, responsible for forming and maintaining relationships with traditional real estate investors within investment management firms and institutional plan sponsors. He will work closely with King, who joins as Head of Alternative Capital Partnerships and will focus on alternatives investors such as insurance companies, private credit investors, and other institutional allocators.

“Jeremy and Brent are the right leaders to take us to the next level as we transform the historically manual residential rental asset class,” said Ryan Stroker, Co-Founder and Chief Executive Officer of Avenue One. “The depth and breadth of their expertise, and the power of their partnership, will fuel the expansion of our institutional relationships and support our work enabling local real estate businesses across the country.”

Elkins has led global business development at prominent firms in the real estate investment industry, including most recently as Managing Director and Head of Fundraising at Beacon Capital Partners. He previously served as a Managing Director and Global Head of Real Estate Distribution at BlackRock. Earlier in his career, Elkins was a Senior Vice President at Colony Capital (now DigitalBridge) and an Executive Director at Morgan Stanley.

King previously led business development at Insight Investment, the $800 billion fixed income investor unit of BNY Mellon, where he headed a team focused on building investment solutions for life insurance companies, pension plans, and other institutions across active, hedging, and specialist credit strategies. Prior to Insight, he held senior investment structuring, origination, and sales roles at Guggenheim, Unigestion, and Man Group.

Avenue One recently announced a strategic funding round of $100 million, which is being employed to support the growth of its institutional marketplace, enhance the company’s platform, and expand its local partner network.

Avenue One simplifies institutional access to a large and complex asset class by offering a comprehensive suite of services. The solutions can be fully customized and scalable for each capital partner, in contrast to less flexible conventional formats such as commingled funds and REITs. The Avenue One service platform combines proprietary data and a network of local partners to identify, acquire, renovate, lease, and manage residential rental properties on behalf of institutional investors. Its ecosystem of independent businesses – including brokers, contractors, title professionals, and property managers – provides local expertise to create and maintain portfolios of quality rental properties across the country. To date, Avenue One has contracted more than $400 million in goods and services through a robust network of over 400 local partners.

In addition to its tech-driven service platform, Avenue One offers a marketplace of services to buyers, owners, and sellers of residential real estate. In creating a first-of-its-kind in-house brokerage, Avenue One is at the center of facilitating the buying and selling of single-family rental properties at scale. By providing exceptional access to insights and trade color, Avenue One has been able to quickly attract a wide variety of market participants. In a little over two years, the company has expanded its operational footprint to 21 U.S. markets, closed and brokered thousands of transactions and deployed billions for investors.

About Avenue One 

Avenue One is a technology service platform and investment marketplace for institutional owners, buyers and sellers of residential rental real estate. Avenue One’s platform connects local experts to institutional capital, making investing in housing debt and equity more efficient for institutions, while also supporting local businesses. For more information, visit www.avenueone.com.

Contacts

Media:

Joshua Greenwald

Stanton

(646) 504-7306

jgreenwald@stantonprm.com