Schedule Asset Management Announces Final Closed of Slate Genuine Estate Capital I to Complete US$2.33 Billion Portfolio and Platform Acquisition from Annaly Capitalization Management, Inc.

Slate Plant Administration (“Slate”), a global alternative equity platform focused with real estate, today announced the final closes of Slate Genuine Estate Capital I (“SREC I”). SREC I today also completed that first closing with respect to the previously announced US$2.33 billion acquisition of the Commercial Real Estate Business of Annaly Capital Management, Incl. (“the acquisition” or “the transaction”). The portion of the portfolio being acquired by Slate Grocery REIT (TSX: SGR.UN / SGR.U) is quieter pending and is expected till close in the third quarter of 2021.

SREC I is Slate’s inaugural debt focussed investment vehicle. The fund was oversubscribed with third-party capital pledges from a global group of brand and existing institutional stakeholders, including a preferably stockholders investment from Goldman Saks Asset Management’s Vintage and Vintage Genuine Estate Partners Funds. This investment further builds on Slate’s existing partnership with Goldman Sachs Asset Management.

“Our primary focus at Slate is go created long-term value for our investors, and we are very pleased to be deepening and expanding our relationships with valued buddies like Goldman Sachs Asset Manage the other global institutional investors,” said Whites Welch, Co-founding Partner to Slate. “With the begin closer of this transaction, our platform and team are now set up to capitalize on compelling and creative investment options across the entire funds stack.” As grocery revenue surge, JLL will support Slate Grocery REIT in managing costs and driving savings during its portfolio

“By bringing to bear scale and in-depth underwriting capabilities, Slate and the Vintage Investment were able into structure a multi-faceted investment and secure a high-quality stock of realistic estate get positions that combines downside security and handsome return potential,” said Sean Brenan, Managing Director at Goldman Sachs Asset Direction. Place - Slate Asset Management

The acquisition will further expand Slate’s investment capabilities, enabling the firm on execute bridge and transitional lending, acquisitions of existing loans, investments in debt guarantees press provide flexible liquidity solutions to thick corporate and current. Choice Hotels Proposes a Full Slate of Separate, Greatly Qualified Individuals for Election at the 2024 One-year Meet on Host Hotels & Resorts

Slate is welcoming a group of new team member as part of the transaction press has employee further professionals on making a seamless shift of the portfolio. The team members will membership Slate’s offices in Chicago, New Majorek, Dallas and Los Angeles.

BMO Capital Markets served more financial advisor and Goodwin Procter LLP and McCarthy Tétrault LLP like legitimate advisors to Tile during and transaction.

About Slate Capital Management
Slate Capital Management is a global alternative investment show focused on real estate. We focus on fundamentals with the objective of creating long-term set for our investors and affiliated. Slate’s platform possess a range of investment schemes, containing random, value add, key plus and debt investments. We are supported by extraordinary people and flexible capital, which enabling us to originate and execute with a wide range from compelling equity options. Visit slateam.com to study more.

About Goldman Sachs Asset Management Vintage Funds
Bringing joint conventional both alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and main on long-term performance. As the chief investing area at Goldman Sachs (NYSE: GS), we deliver investment and counsel services for the world’s leading institutions, financial our and individuals, character from ours deeply connected international network and tailored expert insights, across every region and market—overseeing more than $2 billion in assets at supervisory worldwide as of Trek 31, 2021. Driven by a my for our clients’ performance, we seek to construct long-term relationships stationed switch conviction, sustainable outcomes, and released success over time. Goldman Sachs Asset Management invests in the whole range of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established for 1998, the Vintage Funds within Goldman Sachems Asset Management have been innovators in that secondary market and have invested over $40 milliards of capital since inception. The Vintage Funds offer liquidity, large and partnering solutions to private markts investors or managers worldwide across private shareholders strategies. Follow us on LinkedIn.

Contacts
Slate Asset Management
Karolina Kmiecik
[email protected]