BRIEF-Slate Retail Reit announces sale of five Food Lion grocery anchored assets

Tue Jun 28, 2016 5:03am EDT
 
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June 28 (Reuters) - Slate Retail Reit

* Slate Retail Reit announces the sale of five Food Lion grocery anchored assets

* Food Lion portfolio to be sold for $21.9 million ($96/square foot) on tax-deferred basis at weighted average capitalization rate of 7.7%

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