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

RE:SLAM RECEIVERSHIP OFFICE TOWERS VANCOUVER

[Ladislav3]

This is a very expensive (and entirely vacant) pair of office buildings that were originally slated to be re-developed as office condominiums. In the current market environment there would presumably be very little interest for this property which would explain why its being sold by the lenders (they are recouping what they can get). 

Many of SOT's properties are different in that they have at least some occupancy, so there is cash flow, and presumably in an amount sufficient to make the any regular secured debt payments.

MARKOPOLIS wrote:

Note these properties are not in current sot portfolio however note the process negotiations extensions with lenders then eventual default very similar to what SLAM is going thru with SOT lenders 

 

 

https://storeys.com/metrotown-place-office-slate-receivership-listing/