Canadian real estate investment trust weighs possible sale

A worker stocks shelves of produce at a grocery store. THE CANADIAN PRESS/Cole Burston

TORONTO — Slate Grocery REIT says it has set up a special committee of independent trustees which is soliciting proposals from third parties after receiving an offer.

The Toronto-based real estate investment trust, which owns and operates U.S. grocery-anchored real estate, says it received an unsolicited proposal from affiliates of Slate Asset Management, the company’s external manager.

The committee has been granted a “broad mandate” to consider and evaluate a range of strategic alternatives, which includes a possible sale of the company.

Committee chair Marc Rouleau says the value of the REIT’s underlying portfolio may not be fully reflected in the public markets “and as such, we are evaluating various alternatives ranging from initiatives under the status quo, to a whole company sale.”

The trust says no unitholder action is required at this time, and there is no guarantee this process will result in any transaction or other outcome.

It says it will have no further comment regarding the committee’s process unless it determines disclosure is appropriate or required.

This report by The Canadian Press was first published May 22, 2026.