Slate Grocery REIT T.SGR

Primary Symbol: T.SGR.UN Alternate Symbol(s): SRRTF

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Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

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Slate Grocery REIT

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Post by edmbondson Feb 20, 2015 10:50am

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Post# 23447963

New $3.5M loan coming

Gibson has asked for, and the monitor has blessed, permission to accept a new $3.5M DIP loan. Court needs to approve but if they don't then the mine shuts and nobody wants that. The loan is about $1M more than they need to get through the end of June according to the monitor approved cashflow forecast. This will give the SISP sufficient time to conclude. Gibson also has selected his SISP firm (not made clear who) and the court will need to approve that too.

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