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Slate Office REIT Announces Opportunistic Transaction Providing Capital For Future Acquisitions

TORONTO -- Slate Office REIT (TSX: SOT.UN) (the "REIT") announced today that it has entered into an agreement to sell 4211 Yonge Street in Toronto, Ontario for $63.0 million(1). This transaction was completed at a significant premium to the REIT’s purchase price and IFRS value. The REIT expects to reinvest the net proceeds into new investment opportunities that will strengthen the quality of the REIT’s portfolio and create incremental value for unitholders. Read More

from Financial Post https://ift.tt/2ZEC1e0
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