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Slate Grocery Reit Completes Us$390 Million Grocery-Anchored Portfolio Acquisition And Amendment Of Management Agreement

PRIVATESep 22, 2021

Acquiring Company

Slate Grocery REIT (TSX

Acquired Company

Laza Medical

TorontoCampbellBiotechnologySoftwareHealth CareArtificial IntelligenceMedicalMedical DeviceMachine LearningHealth Diagnostics

Description

Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today the closing of its previously announced acquisition (the “Acquisition”) of a US$390 million grocery-anchored portfolio (the “Portfolio”). The Portfolio comprises 25 properties and 3.1 million square feet in major metro markets across the United States.

Quick answer

Slate Grocery REIT (TSX is acquiring Laza Medical for $390 million, announced September 22, 2021. Slate Grocery REIT (TSX is based in Toronto, Ontario, Canada.

How much did Slate Grocery REIT (TSX pay for Laza Medical?
The reported deal value is $390 million.
What does Slate Grocery REIT (TSX do?
SGR.U / SGR.UN)
Where are Slate Grocery REIT (TSX and Laza Medical based?
Slate Grocery REIT (TSX is based in Toronto, Ontario, Canada. Laza Medical is based in Campbell, California, United States.

Source: Fundz verified event record.

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Company Information

Company

Slate Grocery REIT (TSX

Location

Toronto, Ontario, Canada

About

SGR.U / SGR.UN)

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Frequently asked

Who acquired Laza Medical?

Laza Medical was acquired by Slate Grocery REIT (TSX, based in Toronto. The deal was reported on September 22, 2021. SGR.U / SGR.UN) Slate Grocery REIT (TSX is privately held.

When did Slate Grocery REIT (TSX acquire Laza Medical?

Slate Grocery REIT (TSX's acquisition of Laza Medical was reported on September 22, 2021. Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Laza Medical do?

Laza Medical is a privately held portfolio company of Shifamed, LLC., a highly specialized medical innovation hub founded by serial entrepreneur, Amr Salahieh. It is privately held, operating in Biotechnology, and is based in Campbell.

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