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Slate Office Wins "Office Lease of the Year" at the 2016 REX Awards

T.SOT.DB

TORONTO, ON--(Marketwired - April 12, 2016) - Slate Office REIT (TSX: SOT.UN) (the "REIT"), a leading owner of office properties in Canada, announced today that it has won "Office Lease of the Year" for the previously announced Sheridan Park revitalization with SNC-Lavalin at the 15th annual REX Awards.

A video rendering of the transformation can be seen here.

"We are honoured to receive the REX award for 'Office Lease of the Year'," said Scott Antoniak, the REIT's Chief Executive Officer. "This transaction embodies the best of what the Slate Office team brings to the Canadian market -- creative leasing solutions to office tenants across the country."

Slate Management Corporation, a wholly-owned subsidiary of Slate Asset Management L.P. ("Slate"), is the REIT's manager. This award marks the fourth REX Award nomination and win for Slate.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is an open-ended real estate investment trust. The REIT's portfolio currently comprises 34 strategic and well-located real estate assets located primarily across Canada's major population centres. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions. Visit slateam.com/SOT to learn more.

About Slate Asset Management L.P.

Slate Asset Management L.P. is a leading real estate investment platform with over $3 billion in assets under management. Slate is a value-oriented company and a significant sponsor of all its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

For Further Information:

Investor Relations
Slate Office REIT
+416 644 4264
ir@slateam.com