Slate Grocery REIT Reports Changes to the Board of Trustees
January 03, 2021 at 08:52 am
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Slate Grocery REIT reported that Tom Farley has decided to step down as Chair of the REIT's Board of Trustees. Andrea Stephen, a current independent trustee of the Board, has been appointed Chair. According to a release, Farley, who was appointed as Chair of the REIT in 2014, has decided to stand down as Chair so that he can focus on his growing responsibilities at Slate Office REIT, where he has been appointed Chair of Slate Office REIT's Board of Trustees. Farley will remain an independent trustee of the REIT. Stephen will step down as the Chair of the REIT's Compensation, Governance and Nominating Committee. Marc Rouleau, an existing Trustee of the REIT, has been appointed Chair of this committee.
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.