Slate Retail REIT recently revealed that it had already earned 80 percent of April rentals as of April 14, and outperformed the industry. Based on industry feedback at the time, the REIT reported that a number of owners of retail strip centers were seeing April rent collections in the range of 40-50 percent.
Slate Asset Management (‘Slate’), a leading, real estate-focused alternative asset management company, today announced the final close of its Slate European Real Estate Fund III (‘Slate Europe III’). In line with its predecessor funds, Slate Europe III will target European grocery real estate properties. The closed-end oversubscribed fund exceeded its target size of €200 million and closed at a hard-cap of €250 million.
Brady Welch, London-based Founding Partner for Slate said the company is pleased to close Slate Europe III at its hard-cap during this unparalleled period of market disruption and is grateful for the faith investors from various areas continue to put in Slate as it extends its footprint across Europe. He added that they have been investing in last-mile logistics for some time and are proud to open their third fund in the European grocery real estate space since 2016, a feat that underlines their dedication to the sector and validates the value of last-mile solutions in the grocery real estate market. Slate has offices in London, in Frankfurt, in Dublin and in Luxembourg.
About Slate Asset Management
Slate Asset Management is a leading alternative investment company focused on real estate, with over $6.5 billion of assets under management. Slate is a value-oriented promoter and a major supporter in both their private and publicly traded investment funds, customized to their investors’ particular priorities and objectives. The company’s cautious and selective approach to investment builds long-term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and proven ability to originate and execute on a wide array of compelling investment opportunities. For more information please visit slateam.com.