The Globe and Mail reports in its Tuesday edition that Slate Office REIT has reached a deal to terminate its managers by year's end -- earlier than planned -- and is launching a rebranding with a new chief executive officer. The Globe's David Milstead writes that the Toronto real estate investment trust said Tuesday that Slate Management ULC, the REIT's external manager, will depart on Dec. 31. Shant Poladian, who joined the trust's board in November, will then be appointed CEO. With Slate Management's departure, the trust plans to rename itself Ravelin Properties REIT. The REIT will make a $2-million payment to Slate Management to move the termination date forward, from March 30, 2025, to Dec. 31, 2024. It is the latest victory for activist investor and trustee George Armoyan, who effectively took control of the REIT in October. That was about two years after he revealed that he had acquired 15.8 per cent of the trust, plus convertible debt that could boost his ownership further. He subsequently waged a campaign to replace multiple trustees. Mr. Armoyan accused Slate Management, run by brothers Blair Welch and Brady Welch, of collecting $132-million in management fees while badly underperforming over the last decade.