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Slate Grocery REIT and DLC deepen and expand their relationship as Slate awards DLC with Management and Leasing of a Large Portfolio of Assets

Collage of multiple retail stores including Ross, HomeGoods, Kohl's, Burlington, and Marshalls

ELMSFORD, NY – DLC Management Corporation, a leading national owner and operator of open-air shopping centers, is pleased to announce a large grocery-anchored shopping center management and leasing assignment by Slate Grocery REIT (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, and Slate Asset Management, the REIT’s external manager.

The 2.3 million sq. ft. portfolio includes thirteen shopping centers in six states: River Run (Miramar, FL), Sheridan Square (Dania Beach, FL), Flamingo Falls (Pembroke Pines, FL), Northlake Commons (Palm Beach, FL), Countryside Shoppes (Naples, FL), Creekwood Crossing (Bradenton, FL), Skyview Plaza (Orlando, FL), Riverstone Plaza (Canton, GA), Fayetteville Pavilion (Fayetteville, NC), Clayton Corners (Clayton, NC), Apple Blossom Corners (Winchester, VA), Hilliard Rome Commons (Columbus, OH), Riverdale Shops (W. Springfield, MA). DLC will oversee property operations for all shopping centers on behalf of Slate Grocery REIT. DLC and Slate have a pre-existing relationship with five high-performing core assets in a long-standing joint venture.

“We are thrilled to expand our relationship with Slate Grocery REIT and look forward to leveraging our retail management expertise to maximize the value of this portfolio,” said Chris Ressa, Executive Vice President and Chief Operating Officer at DLC. “This management opportunity comes on the heels of several large acquisitions and is a testament to DLC’s expertise and standing in the retail real estate industry.”

River Run

A 93,643 sq. ft. Publix-anchored center in Miramar, FL.

Sheridan Square

A 66,913 sq. ft. Walmart-anchored center in Dania Beach, FL.

Flamingo Falls

A 108,385 sq. ft. center in Pembroke Pines, FL anchored by The Fresh Market and CVS.

Countryside Shoppes

A 73,986 sq. ft. Aldi-anchored center in Naples, FL.

Skyview Plaza

A 265,376 sq. ft. Presidente Supermarket-anchored center in Orlando, FL.

Northlake Commons

A 123,556 sq. ft. center in Palm Beach Gardens, FL. Key tenants include The Home Depot, Ross and Five Below.

Creekwood Crossing

A 235,459 sq. ft. center in Bradenton, FL with a diversified tenant mix anchored by Bealls and Bealls Outlet.

Riverstone Plaza

A 307,661 sq. ft. Publix-anchored center in Canton, Georgia.

Fayetteville Pavilion

A 273,969 sq. ft. Food Lion-anchored center in Fayetteville, NC.

Clayton Corners

A 125,708 sq. ft. Lowes Foods-anchored center in Raleigh, NC.

Apple Blossom Corners

A 242,703 sq. ft. Martin’s-anchored center in Winchester, VA.

Riverdale Shops

A 273,532 sq. ft. Stop & Shop-anchored center in West Springfield, MA.

Hilliard Rome Commons

A 106,571 sq. ft. center in Hilliard, OH, outside of Columbus. Key tenants include Burlington, HomeGoods and Ulta Beauty.

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 U.S. $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.

Slate Press Contact: Karolina Kmiecik – Karolina@slateam.com

About DLC Management Corporation: DLC Management Corporation is one of the nation’s preeminent private retail real estate companies, with expertise in acquisitions, new developments, redevelopments, leasing and management. Headquartered in Metro New York, DLC has regional operations in Atlanta, Buffalo, Chicago, Dallas, and Washington, DC. For additional information about DLC Management Corporation and its portfolio, please visit www.dlcmgmt.com.

Leasing & Press Contact:  Christopher Ressa, Executive Vice President and Chief Operating Officer – cressa@dlcmgmt.com

Investor Contact:  Jonathan Wigser, Executive Vice President and Chief Investment Officer – jwigser@dlcmgmt.com

Acquisitions Contact:  Aaron Wu, Vice President and Head of Acquisitions – awu@dlcmgmt.com

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