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Slate Grocery REIT T.SGR


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

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.


TSX:SGR.UN - Post by User

Bullboard Posts
Post by Gaberlunzieon Mar 30, 2015 1:52pm
220 Views
Post# 23577613

The road ahead

The road aheadIt's neither a scam or a dream gone wrong. What it is is a major bungle of some kind. On the face of their performance I doubt the management had the business or technical skill to pull this thing off. It could be that the opportunity to make a big mine here is simply not there. The shaft collar is lined with bent picks discarded by previous owners who had the same dreams.
A manager with the right background who is prepared to live with this property might make a go of it. His name might be Gibson but it is too early to tell. I hope the present shareholders live long enough to benefit. 
Bullboard Posts