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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

Alternate Symbol(s):  SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of approximately 54 commercial properties located in Canada, the United States and Ireland. The REIT's Canada operations include Atlantic, Ontario and Western. The REIT is externally managed and operated by Slate Management ULC.


TSX:SOT.DB - Post by User

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026
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Comment by FineAutiston Oct 09, 2018 4:54pm
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Post# 28769025

RE:RE:RE:well the diamond top that formed is almost complete

RE:RE:RE:well the diamond top that formed is almost complete

20 South LaSalle, Chicago Acquisition Highlights

  • 656,080 square foot, 23-storey, downtown office building with an adjacent parking garage, located in the Central Loop of Chicago
  • 84% occupied with a weighted average lease term of 10.4 years
  • Anchored by CIBC (AA credit), which occupies 45% of the gross leasable area for its U.S. corporate headquarters
  • Purchase price of US$155.5 million (US$237 per square foot) is significantly below estimated replacement cost
  • Cash flow growth opportunities from contractual rental increases, near-term leasing opportunities and rents that are ~21% below market
  • Opportunity to enhance value via re-imagined amenity offering, retail repositioning and office lease-up
  • In close proximity to the REIT’s existing asset, 20 South Clark, providing operating, leasing and marketing synergies
https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/slate-office-reit-announces-acquisition-of-120-south-lasalle-in-chicago-illinois-and-property-disposition-in-st-johns-newfoundland

What's the typical occupancy of your average commercial building?
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