The Kroger Co. (NYSE:KR) and Slate Retail REIT (TSX:SRT.UN) completed the acquisition of Windmill Plaza in Michigan.
January 24, 2019
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The Kroger Co. (NYSE:KR) and Slate Retail REIT (TSX:SRT.UN) entered into a joint venture partnership to acquire Windmill Plaza in Michigan for $6.9 million subsequent to September 30, 2018. Under the terms, $6.8 million was net of settlement of Slate's note receivable of $11.4 million. The deal value at closing is $7.3 million before transaction costs. The transaction is expected to close in fourth quarter of 2018.
The Kroger Co. (NYSE:KR) and Slate Retail REIT (TSX:SRT.UN) completed the acquisition of Windmill Plaza in Michigan on January 25, 2019.
Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties (the properties) in the United States of America (the U.S.). Its objectives are to provide unitholders with stable cash distributions from a portfolio of grocery-anchored real estate properties in the United States. The REIT owns and operates real estate infrastructure across U.S. metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.
SLATE GROCERY REIT 
