Slate Retail REIT Completes Acquisition of Forest Plaza

TORONTO, Oct. 24, 2014 /CNW/ - Slate Retail REIT (the "REIT") (TSX: SRT.U / SRT.UN) today announced that it has successfully completed the previously announced acquisition of a grocery-anchored shopping centre located in Fond du Lac, Wisconsin.  Forest Plaza was acquired for U.S.$16.83 million (U.S.$137 per square foot). The 123,028 square foot property is anchored by Pick 'n Save, a subsidiary of Roundy's Supermarkets, Inc. (NYSE: RNDY).

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 35 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.

SOURCE: Slate Retail REIT

Blair Welch
Chief Executive Officer
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Brady Welch
Chief Financial Officer
416 644 4263