Slate Grocery REIT Announces Senior Management Change

Slate Grocery REIT Announces Senior Management Change

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TORONTO — Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, today announced that Joe Pleckaitis, Senior Vice President, Finance at Slate Asset Management (“Slate”), has been appointed Chief Financial Officer (“CFO”) of Slate Grocery REIT, effective August 29, 2023. Pleckaitis will replace Andrew Agatep, who is stepping down from his role as CFO to pursue other opportunities.

Pleckaitis joined Slate in 2017 and most recently has been leading the financial function for Slate’s North American private equity business, which spans Slate’s opportunistic real estate, real estate debt, and infrastructure strategies. He oversees all financial aspects of the business, including corporate finance, financial planning and analysis, corporate accounting, and financial reporting and debt.

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Prior to joining Slate, Pleckaitis worked in the real estate audit practice at Deloitte LLP. He earned a Bachelor of Commerce degree from Carleton University and is a Chartered Professional Accountant.

“Joe is a seasoned leader with a proven track record of navigating complex financial challenges on a global scale,” said Blair Welch, Chief Executive Officer of the REIT. “We are confident that his forward-thinking and deep knowledge of US financial markets will make him a tremendous asset to the REIT and will help ensure the business remains in a strong financial position today and into the future.”

Andrea Stephen, Chair of the Board of the REIT, added: “On behalf of the entire Board, I’d like to sincerely thank Andrew for his partnership over the last four years. Andrew’s dedication, financial acumen, and managerial strength have contributed significantly to the stability and strong operational performance of the REIT’s business. We are grateful for his leadership and wish him all the best in his next endeavor.”

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Pleckaitis will work closely with Agatep and the REIT’s senior leadership team through the transition date to ensure a seamless handoff of responsibilities.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately US$2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

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Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-SA

View source version on businesswire.com: https://www.businesswire.com/news/home/20230721325964/en/

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Contacts

For Further Information
Investor Relations
+1 416 644 4264
ir@slateam.com

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