Brixmor and Everview agree to acquire Slate Grocery REIT for $2.34 billion
Brixmor and Everview Partners agreed to acquire Slate Grocery REIT, a Toronto-listed trust with U.S. shopping centers, in a transaction valued at $2.34 billion. Brixmor would effectively acquire 23 grocery-anchored centers for $636 million, and a joint venture with Everview would acquire the other 92 assets for $1.71 billion, with Brixmor holding a 20% stake and committing about $174 million in preferred equity. The deal requires Slate unitholder approval and is expected to close in the first quarter of 2027.
Key points
- Total transaction valued at $2.34 billion: $636 million for Brixmor's 23-center portfolio and $1.71 billion for the 92-asset joint venture portfolio.
- Slate unitholders would receive $13.00 cash per unit, with a ticking fee of about $150,000 per day after January 20, 2027.
- Brixmor would hold 20% of the joint venture and Everview 80%, with Brixmor making a preferred equity investment of about $174 million at a 9% dividend.
- Closing requires approval by Slate unitholders; the outside date is March 27, 2027, and the JV purchaser would owe Slate a $62,856,450 termination fee in certain cases.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.