Canadian real estate investment trust weighs possible sale - BNN Bloomberg
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Article Excerpt
TORONTO — Slate Grocery REIT says it has set up a special committee of independent trustees which is soliciting proposals from third parties after receiving an offer.
The Toronto-based real estate investment trust, which owns and operates U.S. grocery-anchored real estate, says it received an unsolicited proposal from affiliates of Slate Asset Management, the company’s external manager.
The committee has been granted a “broad mandate” to consider and evaluate a range of strategic alternatives, which includes a possible sale of the company.
Committee chair Marc Rouleau says the value of the …
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