Slate Grocery REIT appoints Andrea Stephen as new Chair of the Board of Trustees

– CANADA, Toronto –  Slate Grocery REIT (TSX: SGR), an owner and operator of U.S. grocery-anchored real estate, today announced the appointment of Andrea Stephen, a current independent trustee as Chair, succeeding Tom Farley who has decided to step down as Chair of the Board of Trustees to focus on his growing responsibilities at Slate Office REIT, where he has been appointed Board Chair. Tom will remain an independent trustee of the REIT.

“On behalf of the Board, I would like to thank Tom for his many contributions as Chair of the Board of Slate Grocery REIT,” said Andrea Stephen, incoming Board Chair. “Together with the rest of the Board and management team, we are excited to grow this business. Given our recent C$75 million equity issue, we have several accretive acquisitions we are considering and look to finalize in the first quarter of 2021. We will continue to pursue additional growth opportunities as we move forward.”

“Andrea has deep experience in the commercial real estate industry both as an executive at Cadillac Fairview Corporation Limited and a corporate director at a number of public companies,” said Blair Welch, Founding Partner of Slate Asset Management. “We look forward to Andrea’s continued contributions to our Board as we move ahead with our strategic plan.”

About Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

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About Slate Asset Management

Slate Asset Management is a leading real estate focused alternative investment platform with approximately $6.5 billion in assets under management. Slate is a value-oriented manager and a significant sponsor of all of its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm’s careful and selective investment approach creates long-term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital, and a demonstrated ability to originate and execute on a wide range of compelling investment opportunities.

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