Slate Grocery REIT will get bank loan to buy real estate portfolio

Chicago, June 21 – Slate Grocery REIT announced that it will obtain new bank financing to help fund its $425 million acquisition of a grocery-anchored real estate portfolio containing 14 properties across seven states, according to a press release.

Financing will also come from a $180 million investment from the NA Essential Fund and existing balance sheet liquidity.

The acquisition is expected to close on July 14.

Slate Grocery is a Toronto-based owner and operator of U.S. grocery-anchored real estate.

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