Slate Grocery REIT to Be Acquired in Deal Valued at US$2.3 Billion
The all-cash deal gives unitholders immediate liquidity and a 13% premium to the pre-review share price, the companies said.
- On Monday, September 28, 2026, Slate Grocery REIT announced an agreement to be acquired by a joint venture between Brixmor Property Group Inc. and Everview Partners, valuing the trust at approximately US$2.3 billion.
- The sale follows a comprehensive strategic review process launched on May 22, 2026, after the Board of Trustees established a special committee to evaluate unsolicited proposals from Slate Asset Management.
- Brixmor and Everview will pay US$13.00 in cash per unit, representing a premium of approximately 13% over the May 21, 2026, closing price and approximately 20% over the September 23, 2026, closing price.
- Upon closing in the first quarter of 2027, the REIT will become a private entity and delist from the Toronto Stock Exchange, while Slate Asset Management's Management Agreement will terminate for a US$50 million payment.
- Unitholders must approve the arrangement by a 66 2/3% vote to finalize the deal; following completion, Slate Asset Management plans to redeploy capital into grocery-anchored real estate in North America and grow its European grocery platform.
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Slate Grocery REIT Enters into Definitive Agreement to be Acquired by Brixmor and Everview Partners in a US$2.3 Billion Transaction for US$13.00 per Unit in Cash
Transaction Highlights All-cash transaction of US$13.00 per Unit, representing a total enterprise value of approximately US$2.3 billion, provides immediate liquidity and certainty of value to Unitholders US$13.00 in cash per Unit represents a premium of approximately 13% to the closing price of the Units on May 21, 2026, the last trading day prior to the […]
Winnipeg Free Press
Slate Grocery REIT to be acquired in deal valued at US$2.3 billion
TORONTO - Slate Grocery REIT has signed a deal to be acquired by Brixmor Property Group Inc. and Everview Partners in an agreement that values the trust at US$2.3 billion.
Brixmor Property Group, Everview Partners Secure $2.34B REIT Purchase
One of the largest owners of shopping centers in the U.S. just got bigger. Brixmor Property Group, a $9 billion publicly traded real estate investment trust (REIT) and holder of a portfolio of 346 shopping centers spanning more than 63 million square feet, announced Monday that it has partnered with Everview Partners to acquire Slate […]
Brixmor, Everview Agree to Acquire Slate Grocery REIT for $2.3 Billion, Including 115 Retail Properties
New York City — Two New York City-based firms, retail owner-operator Brixmor Property Group and Everview Partners, a private equity and investment management group, have entered into an agreement to…
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