Slate Retail REIT Announces Release Date for First Quarter 2015 Results and Provides Update on Recent Acquisition Activity

TORONTO, April 30, 2015 /CNW/ - Slate Retail REIT (the "REIT") (TSX: SRT.U / SRT.UN) today announced that it will be releasing its first quarter 2015 results after market hours on Thursday, May 14, 2015. Senior management will host a live conference call at 9:00 a.m. ET on Friday, May 15, 2015 to discuss the results and ongoing business initiatives of the REIT.

The conference call can be accessed by dialing [phone] or 1 [phone]. Additionally, the conference call will be available via simultaneous audio webcast on the REIT's website at www.slateretailreit.com. A replay will be available on the REIT's website or by dialing [phone] or 1 [phone], access code 39852782, approximately two hours after the event.

Acquisition Activity
On April 6, 2015 the REIT successfully completed the previously announced acquisition of City Center Plaza in Westland, Michigan for U.S.$12.45 million (U.S.$127 per square foot). The property is 97% occupied and anchored by a Kroger grocery store. 

Slate Asset Management LP is the REIT's manager.

About Slate Retail REIT
Slate Retail REIT is an open-ended real estate investment trust focused on U.S. grocery-anchored real estate. The REIT's portfolio includes over 40 properties located primarily across the top 50 U.S. metro markets. The REIT is focused on maximizing value through internal organic rental growth and strategic acquisitions. For more information, please visit www.slateretailreit.com.

About Slate Asset Management LP
Slate is a leading real estate investment platform with over $2.5 billion in assets under management. Slate is a value-oriented company and a significant sponsor of all 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. More information is available at www.slateam.com.

SOURCE Slate Retail REIT

Blair Welch, Chief Executive Officer, 416 644 4267; Brady Welch, Chief Financial Officer, 416 644 4263