Slate Grocery REIT Completes US$425 Million Grocery-Anchored Real Estate Portfolio Acquisition and Forms Joint Venture with Slate North American Essential Real Estate Income Fund L.P.

TORONTO, July 15, 2022 (GLOBE NEWSWIRE) -- Slate Grocery REIT (TSX:SGR-U.TO) (TSX:SGR-UN.TO) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today the closing of its previously announced acquisition (the “Acquisition”) of a US$425 million grocery-anchored real estate portfolio (the “Portfolio”). The Acquisition significantly increases the REIT’s exposure to the rapidly growing Sunbelt Region of the United States with a portfolio of properties comprised of a wide range of high-performing grocers, including Publix, Ahold Delhaize, Albertsons, and Walmart. Following the closing of the Acquisition, the REIT’s portfolio comprises 15.7 million square feet and US$2.4 billion of essential grocery-anchored real estate.