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Canadian Grocery Retail Head Touts Low Rents Driving Portfolio Valuation

Cap Rates 'Somewhat Useless' To Describe US Portfolio, Says Slate Grocery REIT CEO
A Slate Grocery REIT property in Eustis, Florida. (CoStar)
A Slate Grocery REIT property in Eustis, Florida. (CoStar)
CoStar News
August 12, 2022 | 9:16 P.M.

The Canadian head of a real estate investment trust focused on U.S. grocery-anchored malls believes it is time to forget traditional capitalization rates or valuations when it comes to his properties.

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