Slate Retail REIT (TSX:SRT.UN) has closed its previously announced public offering of 5.2 million class U units of the REIT at a price of CAD 14.35 per Unit per unit for gross proceeds of approximately CAD 74.8 million. Proceeds of the Public Offering and Private Placement will be used to reduce outstanding indebtedness under the REIT's secured revolving credit facility which may be subsequently redrawn and applied as needed to fund future acquisitions and for general trust purposes.