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Showdown Coming for Toronto-Based REIT Trustees as Activist Investor Calls for Action

Largest Stakeholder of Slate Office Wants Changes to REIT's Board, Management Contracts
Brady Welch, left, and Blair Welch are the founders of Slate Asset Management, which has a 9% stake in Slate Office REIT. An activist investor is seeking to remove the founders from the REIT's board. (Slate Asset Management)
Brady Welch, left, and Blair Welch are the founders of Slate Asset Management, which has a 9% stake in Slate Office REIT. An activist investor is seeking to remove the founders from the REIT's board. (Slate Asset Management)
CoStar News
October 27, 2022 | 7:03 P.M.

The largest unitholder of Toronto-based Slate Office REIT has slammed a strategic review promised by the real estate investment trust and is now calling for the REIT's external management contract to be internalized.

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