Brixmor and Everview to Acquire Slate Grocery REIT for $2.3 Billion

Brixmor Property Group Inc. and affiliates of Everview Partners, L.P. have entered into a definitive agreement to acquire Slate Grocery REIT in a transaction valued at approximately $2.3 billion in enterprise value. The joint venture will pay $13.00 per unit in cash, representing a 20% premium over the closing price on September 23, 2026.

The acquisition follows a strategic review process that began in May 2026 after Slate Asset Management (Canada) L.P. submitted an unsolicited proposal. As part of the deal, Slate Grocery REIT will terminate its management agreement with Slate Asset Management in exchange for a $50 million payment. The REIT will also cease declaring distributions from October 2026 until the transaction is finalized.

The deal is expected to close in the first quarter of 2027, subject to approval from unitholders and the court.