TORONTO, Sept. 20, 2013 /CNW/ – Slate U.S. Opportunity (No. 3) Realty
Trust (the “Trust”) is pleased to announce that a final prospectus (the
“Final Prospectus”) has been filed with the securities regulatory
authorities in all provinces and territories of Canada for its initial
public offering of up to U.S.$75,000,000 of class A units (the “Class A
Units”), class F units (the “Class F Units”), and class U units (the
“Class U Units” and, collectively with the Class A Units and the Class
F Units, the “Units”) at a price of C$10.00 per Class A Unit and Class
F Unit and U.S.$10.00 per Class U Unit (the “Offering”).

Contemporaneously with the Offering, the Trust will seek out commitments
from certain institutional investors to subscribe for class I units
(the “Class I Units”) at a price of U.S.$10.00 per Class I Unit by way
of a private placement (the “Private Placement”).

The proceeds from the issuance of Units and Class I Units pursuant to
the Offering and the Private Placement will not exceed, in the
aggregate, U.S.$75,000,000.

The Units and Class I Units will be a qualified investment for Trusts
governed by an RRSP, RESP, RRIF, deferred profit sharing plan,
registered disability savings plan or a TFSA.

The Offering is expected to close on October 16, 2013.

The investment objectives of the Trust are to: (a) indirectly acquire,
own and lease a portfolio of diversified revenue-producing commercial
real estate properties in the U.S. with a focus on anchored retail
properties; (b) make quarterly distributions commencing upon the
earlier of (i) the end of the fiscal quarter in which the Investable
Funds (as defined in the Final Prospectus) are substantially invested
and (ii) June 30, 2014; and (c) enhance the potential for long-term
growth of capital through value-added enhancements to the properties
owned indirectly by the Trust and organic growth in rental rates,
combined with an overall reduction in capitalization rates.

The syndicate of agents for the Offering is led by CIBC, RBC Capital
Markets and GMP Securities L.P. and includes BMO Capital Markets,
Macquarie Private Wealth Inc., National Bank Financial Inc., Raymond
James Ltd., Scotiabank, Dundee Securities Ltd. and Mackie Research
Capital Corporation.

This Offering is only made by Final Prospectus. The Final Prospectus
contains important detailed information about the securities being
offered. Copies of the Final Prospectus may be obtained from your IIROC
registered financial advisor. Investors should read the Final
Prospectus before making an investment decision.

Slate is the promoter of the Trust by reason of its initiative in
organizing the business of the Trust and taking the steps necessary for
the public distribution of the Units. In addition, Slate will be the
manager of the Trust.

About Slate: Slate is a Toronto-based commercial real estate investor
and asset manager. Slate’s founding partners have nearly two decades of
experience in the industry managing complex real estate transactions in
domestic and international markets. Since 2005, the company has
acquired over C$2.2 billion of commercial real estate assets
across North America. The company currently co-invests and manages
various investment vehicles, including Slate U.S. Opportunity (No. 1)
Realty Trust, Slate U.S. Opportunity (No. 2) Realty Trust, and a
closed-end private fund focused on U.S. retail assets, in addition to
the company’s co-investments and management of Canadian office
properties with domestic institutional equity groups. Slate’s hands-on
approach differentiates the firm across the acquisition, management and
disposition phases of real estate investment.

This news release, does not constitute an offer of securities, and is
not for distribution or dissemination outside Canada. This offering is
only made by prospectus, only to Canadian residents, and only as
permitted by law. This news release contains forward-looking
information, and actual future results may differ from the
Corporation’s objectives. The risks, uncertainties and other factors
that could influence actual results are described in the prospectus,
which contains important detailed information about the securities
being offered, and which investors should read before making an
investment decision.

SOURCE Slate Properties Inc.