Dec. 17, 2014-FAM Real Estate Investment Trust (“FAM REIT” or the “REIT”) (TSX: F.UN) (TSX: F.WT) is pleased to announce the closing of its previously announced indirect acquisition (the “Acquisition”) of a portfolio of seven office properties from Slate GTA Suburban Office Inc. (“Slate GTA”) for approximately $190.0 million. As partial consideration for the Acquisition, the REIT...
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Slate Office REIT (the “REIT”) (TSX: SOT.UN) (TSX: SOT.WT) announced today that it has amended its deferred unit plan (the “Plan”) to limit non-employee trustee participation in the Plan. Under the amended Plan (i) the number of units of the REIT issuable to non-employee trustees under the Plan at any time may not exceed 1% of the total units that are issued and outstanding; and (ii) the aggregate...
Slate Office REIT (“Slate Office” or the “REIT”) (TSX: SOT.UN) announced today that the Board of Trustees has declared a distribution for the month of April 2015 of CDN$0.0625 per trust unit of the REIT. The distribution will be payable on May 15, 2015 to unitholders of record as of the close of business on April 30, 2015. Slate Asset Management LP ("Slate"), is the REIT’s...
Slate Office REIT (“Slate Office” or the “REIT”) (TSX: SOT.UN) announced today that the Board of Trustees has declared a distribution for the month of May 2015 of CDN$0.0625 per trust unit of the REIT. The distribution will be payable on June 15, 2015 to unitholders of record as of the close of business on May 29, 2015. Slate Asset Management LP ("Slate"), is the REIT’s...
May 21, 2015 - Slate Office REIT (the “REIT”) (TSX: SOT.UN) (TSX: SOT.WT) today announced that it has agreed to acquire (the “Acquisition”) a portfolio of 14 commercial properties (the “Portfolio”) from Fortis Properties Corporation (the “Vendor”) for an aggregate purchase price of $430 million. As part of the Acquisition, the REIT will enter into a strategic co-ownership agreement with a...
/NOT FOR DISSEMINATION IN THE UNITED STATES/ April 14, 2015 - The Board of Trustees (the “Board”) of Slate Office REIT ("Slate Office" or the "REIT") (TSX: SOT.UN) is pleased to announce the appointment of Al Mawani to the Board of Trustees, effective immediately. Mr. Mawani has over 35 years of experience in the commercial real estate industry and is currently the President and Chief Executive...
Highlights for the Quarter Completed over 200,000 square feet of leasing transactions Core - FFO per unit increased 4.5% compared to same period in prior year Rental rates for new leases increased 2.0% above portfolio-wide in-place rent Rental rates for renewed leases increased 11.6% 74,248 square foot lease completed with Province of Manitoba Corporate governance enhancements with...
Key Highlights Slate Asset Management LP ("Slate") assumed management of the REIT on November 4 Completed the transformational acquisition of 7 office properties (the "Acquired Properties") in the Greater Toronto Area ("GTA") on December 17 as a first step in the REIT's repositioning to an office focused vehicle -Increase in gross leasable area of 1.1 million square feet or 57.1% since September...
Jan. 22, 2015 - Slate Asset Management LP ("Slate") announced today that it has appointed Scott Antoniak and Brian Moncik as CEO and CFO, respectively, of FAM Real Estate Investment Trust ("FAM REIT" or the "REIT") (TSX: F.UN) (TSX: F.WT). Blair Welch and Brady Welch will remain actively involved with FAM in their capacities as partners of Slate, the REIT's external manager. Mr. Antoniak most recently...
Nov. 4, 2014 - Slate Asset Management LP ("Slate") and Huntingdon Capital Corp. ("Huntingdon") (TSX: HNT) (TSX: HNT.DB) (TSX: HNT.WT) today completed the previously announced plan of arrangement (the "Arrangement") between Huntingdon and Slate Capital Corporation ("Slate Capital"), a wholly-owned subsidiary of Slate, whereby Slate Capital acquired all of the issued and outstanding shares of Huntingdon in...