The $6.5 billion real estate firm Slate Asset Management unveiled plans to purchase Annaly Capital Management’s commercial real estate business for $2.3 billion, with the expectation of closing the deal midyear.
The acquisition includes a portfolio of performing real estate loans, debt securities and real estate equity positions. As part of the deal, Slate will add a $400 million portfolio of grocery-anchored real estate assets located in major U.S. markets to Slate Grocery REIT, which is Slate’s pure-play U.S. grocery anchored business. Slate added seven properties to that REIT . . .
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